Binance founder Changpeng Zhao (CZ) recently stated that, given its current rate of development, Pakistan could absolutely become one of the world's leading cryptocurrency nations by 2030. CZ made this Chia on December 31st, amidst a backdrop of Pakistan's rapid, decisive, and market-driven moves, which the international crypto community has praised.
According to CZ, Pakistan's biggest difference lies in the fact that its government recognized early on the potential of its young, tech-savvy population with a genuine need for digital assets. Instead of approaching cryptocurrencies with prolonged prohibition or caution, Pakistan is proactively building the necessary legal framework and infrastructure to make crypto and blockchain a part of the future digital economy.
Over the past year, Pakistan has taken a series of significant steps. Most notably, it established a dedicated virtual asset management agency, creating a legal framework for cryptocurrency-related activities. Simultaneously, the country has allowed major exchanges like Binance and HTX to operate in a regulatory manner, rather than remaining outside the system as is the case in many other emerging markets. Furthermore, Pakistan is exploring the possibility of building a national Bitcoin reserve and promoting the Tokenize of real-world assets (RWAs) to attract foreign Capital and improve liquidation in the domestic market.
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In particular, CZ emphasized the role of Tokenize the stock market and traditional assets. According to him, when stocks and assets in Pakistan are Tokenize on the blockchain, global investors can access them directly without being limited by geographical borders or traditional financial barriers. This will open up a truly global investment channel, while helping pioneering countries in this field gain a significant advantage in Capital and technology in the long term.
Beyond just an investment perspective, CZ also argues that blockchain is far more "user-friendly" than traditional banking systems or even the artificial intelligence industry. Low barriers to entry make it easier for individuals and small businesses, especially startups and SMEs, to access blockchain technology. He emphasizes that blockchain doesn't "reject" users simply because they lack collateral or a credit history, which is very common in the traditional financial system.
