Pakistan's Bitcoin move: "We are inspired by the USA"

Pakistan has begun efforts to establish a strategic Bitcoin reserve under state leadership. The announcement was made by Bilal Bin Saqib, CEO of the Pakistan Crypto Council and newly appointed special advisor to Prime Minister Shahbaz Sharif, at the Bitcoin 2025 conference in Las Vegas.

Bin Saqib stated that this reserve is not intended for speculation, saying, "The Bitcoins in this wallet will not be sold, they will be held permanently." However, it is still unclear how much Bitcoin the reserve will contain or how these assets will be acquired.

Bin Saqib stated that Pakistan aims to power both Bitcoin mining and artificial intelligence data centers with its 2,000 megawatt energy investment. Additionally, the country will explore the tokenization of illiquid public assets and the use of blockchain technology for public efficiency.

These developments came after the Pakistani Ministry of Finance recently decided to establish the Pakistan Digital Assets Authority to regulate the crypto sector. Additionally, a memorandum of understanding was signed between Trump-backed World Liberty Financial and the Pakistan Crypto Council to accelerate blockchain adoption.

Bin Saqib referred to President Trump's decision to create a national Bitcoin reserve by saying, "We thank the United States again, as we draw our inspiration from them."

Published: May 29, 2025 15:13