ISLAMABAD — Pakistan’s appointment of Zhao Changpeng, founder of Binance, as strategic adviser to its new crypto council has raised considerations, on condition that he was jailed within the U.S. final 12 months over cash laundering prices.
The China-born Canadian billionaire and founder of the world’s largest cryptocurrency alternate was appointed strategic adviser to the Pakistan Crypto Council (PCC) final week. Zhao stepped down as Binance CEO in 2023 and the corporate was subsequently fined $4.3 billion after it was discovered responsible of flouting U.S. anti-money laundering and sanctions legal guidelines.
