Trump-Backed World Liberty Financial Joins Forces with Pakistan Crypto Council
In a significant move to accelerate cryptocurrency and blockchain development in Pakistan, the Pakistan Crypto Council has reached an in-principle agreement with World Liberty Financial, a project backed by former US President Donald Trump. This collaboration aims to boost Pakistan’s growing crypto industry, which has emerged as a key player in the global cryptocurrency landscape.
Pakistan ranks ninth globally in terms of crypto adoption, with approximately 25 million crypto users and annual trading volumes of $300 billion, according to Chainalysis. The partnership between World Liberty Financial and the Pakistan Crypto Council will focus on establishing regulatory sandboxes to assess blockchain-based products, expanding stablecoin applications, and developing decentralized finance (DeFi) systems.
Key Initiatives of the Partnership
- Establishing regulatory sandboxes for blockchain-based product testing
- Expanding stablecoin applications for international remittances and trade
- Developing DeFi systems in Pakistan
- Examining tokenization protocols for real-world assets
The agreement was signed at a conference attended by World Liberty co-founders Zach Witkoff, Zak Folkman, and Chase Herro, along with Pakistan’s central bank governor, finance minister Muhammad Aurangzeb, and IT secretary. This partnership demonstrates Pakistan’s emerging strategy to secure its leadership role in blockchain technology development.
Changpeng Zhao Appointed as Strategic Advisor
Following his resignation as CEO, Changpeng Zhao was appointed as a strategic advisor to the Pakistan Crypto Council. Zhao’s extensive knowledge will support Pakistan’s development of financial regulatory policies that promote digital innovation while protecting economic security.
Shift in Pakistan’s Crypto Policy
This collaboration signals a new direction in Pakistan’s approach to cryptocurrency, moving away from its past anti-crypto stance. Finance Minister Muhammad Aurangzeb emphasized that Pakistan’s youth and technology sector will drive the development of the country’s blockchain economy. The country’s young population, constituting 60% of its demographic, is seen as the backbone propelling Pakistan toward its digital future.
The Pakistan Federal Investigation Agency has introduced a regulatory plan for cryptocurrencies aimed at preventing terrorism financing, stopping money laundering activities, and implementing Know Your Customer (KYC) measures. The proposed legislation is expected to take effect in 2026, following multiple stages of discussion and constitutional amendments.
