Pakistan Crypto Council Engages US Adviser, Launches Strategic Bitcoin Reserve to Boost Blockchain Innovation

Pakistan is making significant strides in the digital assets and blockchain sector, with the Pakistan Crypto Council (PCC) recently engaging high-level international partners to strengthen its presence on the global crypto stage. Bilal Bin Saqib, Pakistan’s Minister of State for Crypto and Blockchain, led a high-profile meeting in Washington with Patrick Witt, senior crypto adviser to former US President Donald Trump. The discussions focused on collaboration in digital assets, regulatory alignment, and broader opportunities for blockchain innovation. Saqib described the engagement as “a remarkable day for Pakistan in Washington” and emphasized the value of drawing on US expertise to unlock new opportunities in the digital assets space.

Under Saqib’s leadership, the PCC has been actively promoting regulatory frameworks and attracting investment in Pakistan’s blockchain ecosystem. Saqib, who also serves as Special Assistant to the Prime Minister, highlighted the council’s commitment to shaping the country’s blockchain future and integrating digital assets into the broader financial system. These initiatives aim to position Pakistan as a forward-looking hub for digital finance and technology-driven economic growth.

In a major announcement at the Bitcoin 2025 conference in Las Vegas, Saqib revealed that Pakistan has launched a Strategic Bitcoin Reserve. The state intends to hold Bitcoin in a sovereign wallet with no immediate plans to sell, establishing it as a long-term strategic asset. This move signals Pakistan’s serious commitment to digital assets as part of its national financial strategy and sets a precedent for other countries exploring similar initiatives.

Complementing the reserve, Pakistan has allocated 2,000 megawatts of electricity in the first phase of a national plan designed to power Bitcoin mining operations and AI data centers. This initiative aims to utilize surplus energy, create employment opportunities, and attract global investment to strengthen the country’s technology sector. By combining energy efficiency with blockchain innovation, Pakistan is building a competitive edge in both crypto mining and advanced AI infrastructure.

Further boosting international collaboration, Pakistan has partnered with World Liberty Financial (WLF), a DeFi platform backed by Donald Trump. A Letter of Intent signed earlier this year outlines joint efforts to promote blockchain innovation, stablecoin adoption, and decentralized finance growth in the country. This partnership is part of Pakistan’s broader strategy to integrate into global digital finance networks and attract strategic investments.

Saqib has also been engaging with US lawmakers, including Senators Cynthia Lummis, Bill Hagerty, and Rick Scott, to discuss financial innovation and regulatory alignment. These diplomatic efforts underscore Pakistan’s proactive approach to aligning with international standards in digital asset regulation while fostering foreign partnerships. Through a combination of strategic reserves, regulatory development, and global collaboration, Pakistan is positioning itself as a key player in the evolving world of cryptocurrency and blockchain technology.

Follow the SPIN IDG WhatsApp Channel for updates across the Smart Pakistan Insights Network covering all of Pakistan’s technology ecosystem.

Hot this week

Visa Launches Intelligent Authorization to Modernize Global Payment Infrastructure

Visa introduces Visa Intelligent Authorization to help banks and acquirers process complex transactions across networks via a single AI driven API.

ICMAP Identifies Sharia Compliant Cryptocurrencies as Stable Alternatives to Traditional Safe Havens

The Institute of Cost and Management Accountants of Pakistan highlights X8X Token and OneGram as reliable Sharia compliant digital assets for ethical investing.

Bank of Punjab and Surfin Meta Digital Technology Partner to Revolutionize Digital Financing

The Bank of Punjab signs a landmark agreement with Surfin Meta Digital Technology to integrate advanced risk modeling and smarter digital financing solutions.

 FBR Links Over 12000 Major Retailers To POS System Fulfilling IMF Condition

The Federal Board of Revenue successfully integrates 12,861 Tier-1 retailers into its POS system to meet IMF documentation requirements and curb tax evasion.

NYSE Collaborates With Securitize To Launch Blockchain Tokenized Securities Platform

The New York Stock Exchange partners with Securitize to develop a digital trading platform for tokenized stocks and ETFs on the blockchain.

Topics

Visa Launches Intelligent Authorization to Modernize Global Payment Infrastructure

Visa introduces Visa Intelligent Authorization to help banks and acquirers process complex transactions across networks via a single AI driven API.

ICMAP Identifies Sharia Compliant Cryptocurrencies as Stable Alternatives to Traditional Safe Havens

The Institute of Cost and Management Accountants of Pakistan highlights X8X Token and OneGram as reliable Sharia compliant digital assets for ethical investing.

Bank of Punjab and Surfin Meta Digital Technology Partner to Revolutionize Digital Financing

The Bank of Punjab signs a landmark agreement with Surfin Meta Digital Technology to integrate advanced risk modeling and smarter digital financing solutions.

 FBR Links Over 12000 Major Retailers To POS System Fulfilling IMF Condition

The Federal Board of Revenue successfully integrates 12,861 Tier-1 retailers into its POS system to meet IMF documentation requirements and curb tax evasion.

NYSE Collaborates With Securitize To Launch Blockchain Tokenized Securities Platform

The New York Stock Exchange partners with Securitize to develop a digital trading platform for tokenized stocks and ETFs on the blockchain.

Zindigi by JS Bank Launches Pakistan First Fintech Credit Card for Instant Digital Access

Zindigi introduces Pakistan’s first fully digital fintech credit card, offering instant approval, no paperwork, and full app control for modern users.

State Bank of Pakistan Reports 92 Percent Digital Retail Transaction Share for Q2 FY26

The SBP Quarterly Payment Systems Report reveals a massive shift toward a cashless economy with digital transactions reaching 92 percent of the retail total.

Zindigi and State Bank of Pakistan Launch Digital Payments Transformation at Lahore Liberty Market

Zindigi partners with SBP to digitize Lahore’s Liberty Market, introducing Raast QR payments to empower merchants and drive Pakistan toward a cashless economy.
spot_img

Related Articles

Popular Categories

spot_imgspot_img