Pakistan on Track to Become Global Crypto Leader by 2030, Says CZ

Source: DefiPlanet Original Title: Pakistan on Track to Become Global Crypto Leader by 2030, Says CZ Original Link: Pakistan’s rapid progress in digital asset regulation and adoption could position the nation as a global leader in the cryptocurrency sector within the next five years. Changpeng “CZ” Zhao, the former CEO of a major exchange and current strategic adviser to the Pakistan Crypto Council, highlighted the country’s tech-savvy youth and proactive leadership as primary drivers for this potential transformation. Speaking in a recent interview with Bilal bin Saqib, CEO of the Pakistan Crypto Council, CZ noted that the country’s ability to “move fast” is a critical competitive advantage that sets it apart from larger, slower-moving economies.

“If we keep moving at this speed in five years, Pakistan will be the crypto leader, one of the crypto leaders in the world,”

CZ stated, praising the clear vision established by the nation’s leadership. This bullish outlook follows a year of significant structural reforms aimed at formalising Pakistan’s digital economy and integrating blockchain technology into its national financial strategy. Key initiatives include establishing the PVARA (Pakistan Virtual Assets Regulatory Authority), formally permitting major exchanges to operate, and creating a national Bitcoin reserve.

The potential of stock market tokenization

CZ specifically highlighted the tokenization of the Pakistani stock market as a game-changing opportunity for the nation’s economy. By converting traditional stocks into digital tokens, Pakistan can allow the global population to invest directly into its domestic companies without the friction of conventional cross-border banking. CZ emphasized that the countries that move first on tokenization will reap the most significant benefits in terms of liquidity and foreign investment. “Which country doesn’t want the global population to buy their stocks?” he remarked, underscoring the borderless nature of blockchain-based finance.

Lowering barriers for entrepreneurs

Beyond national policy, CZ highlighted blockchain as a superior field for individual entrepreneurs compared to traditional banking or Artificial Intelligence (AI). He noted that while AI requires massive compute power, large datasets, and expensive hardware, the banking sector remains gated by high capital requirements; blockchain is entirely virtual and accessible. “The blockchain will never reject you,” CZ said, though he cautioned that more university programs and incubators are needed to foster long-term innovation and education.