Pakistan meets Crypto world
May 2025
Reading Time: 3 minutes
Bilal bin Saqib, Pakistan Crypto Council’s (PCC) CEO and Special Advisor to Prime Minister announced Pakistan’s first government led Strategic Bitcoin Reserve in the Bitcoin Vegas 2025 event held in Las Vegas, USA. This will be a digital wallet at national level “holding digital assets already in state custody — not for sale or speculation, but as a sovereign reserve signalling long-term belief in decentralised finance.” as per Saqib.
Saqib further revealed that the Pakistan government was allocating 2000 MW of surplus electricity as the 1st phase of a national initiative to provide energy for bitcoin mining and AI data centres. Furthermore, Pakistan will continue to develop Pakistan Digital Assets Authority (PDAA), a regulatory authority that will formalise frameworks for digital finance, protect crypto investors and facilitate crypto developers.
Saqib will be developing a comprehensive FATF-compliant regulatory framework for digital assets in Pakistan, provide oversight of blockchain integration in governance, finance and land records (for tokenizing real estate) and start bitcoin mining initiatives.
Source:
https://www.dawn.com/news/1914060/pakistan-unveils-first-govt-led-strategic-bitcoin-reserve
