Pakistan announced the creation of its first strategic bitcoin reserve supported by the government and described a significant step towards integrating digital assets into its financial strategy, PTI said.
The announcement was made on Wednesday by the CEO of the Pakistani crypt of the BILLA BIN SAQIB Council at the Bitcoin 2025 conference in Las Vegas. The event was attended by US Vice President JD Vance and President Donald Trump’s sons, Eric and Donald Trump Jr.
The announcement comes almost three months after the United States has established its own Bitcoin strategic reserve to diversify their national shares beyond traditional assets such as gold and foreign currencies.
CEO is looking for a global crypto investment
Saqib, who was recently appointed a special assistant to the Prime Minister for Krypto and Blockchain, called for investments in the crypto markets in the country. In his speech, he invited global crypto builders to come and invest in Pakistan. “If you build something real, come to build it in Pakistan … Come to build wallets for non -banking.
Saqib said that Pakistan is no longer defined by his past. “It is reborn as a prospective center of digital innovation, powered by his youth, sharpened by necessity and led by a new generation of technology statesmen,” the CEO said in a statement issued by his office.
The statement also mentioned that Pakistan has more than 40 million cryptomic wallets and is one of the “largest and most active independent economies in the world”.
Bitcoin Reserve ‘No for Sale’
In his speech, Saqib stressed that the establishment of a national bitcoin reserve is only for the purpose of holding digital assets that are already in state custody. “The reserve is not for sale or speculation, but as a sovereign reserve signals a long -term belief in decentralized finance,” as Dawn says.
Saqib also revealed in his speech that the government had allocated 2,000 megawatts of redundant electricity in the first phase for the mining of bitcoins and building data centers AI. The aim of this initiative is to open a partnership door with sovereign miners, technology companies and partners from pure energy around the world.
Regulations for digital assets
According to official release, BILLA BIN SAQIB is responsible for the development of a comprehensive regulatory framework for financial activities (FATF) for digital assets, starting initiatives for Bitcoin mining and supervision of blockchain integration into management, funding and land records.
(Tagstotranslate) Bitcoin
