Changpeng Zhao: At the current rate, Pakistan is expected to become a leader in the crypto space within 5 years.

On December 31, according to Cointelegraph, Binance founder Changpeng Zhao stated that if Pakistan maintains its current pace of progress in regulation and application, the country is poised to become a leading global cryptocurrency nation by 2030. He praised the Pakistani leadership for its swift action and accurate grasp of the demand for digital assets from its young, tech-savvy population. Zhao pointed out that Pakistan has taken several key actions this year, such as establishing a virtual asset regulatory body, allowing Binance and HTX to operate compliantly, exploring Bitcoin reserves, and promoting RWA tokenization to attract foreign investment and improve liquidity.

Regarding stock market tokenization, Zhao stated that this would allow global investors to directly invest in Pakistani assets, representing a "truly global investment channel," with the first countries to implement it reaping the greatest benefits. Furthermore, Zhao believes that blockchain is more friendly to individuals and SMEs, with lower barriers to entry than the banking or AI industries. He also called for strengthening education, university programs, and incubator development to cultivate a local innovation ecosystem. (Source: Cointelegraph)