Michaela
Bilal Bin Saqib, CEO of the Pakistan Crypto Council (PCC), has announced at the Bitcoin 2025 Conference that Pakistan is working to establish a strategic Bitcoin reserve, signaling a shift from the government’s earlier position of never legalizing cryptocurrencies.
At the Bitcoin 2025 Conference, Saqib revealed that Pakistan is taking inspiration from the United States by creating a strategic Bitcoin reserve and adopting regulatory policies that support cryptocurrency.
“Today is a very historic day. Today, I announce the Pakistani government is setting up its own government-led Bitcoin Strategic Reserve, and we want to thank the United States of America again becаuse we were inspired by them,” Saqib stated.
Pakistan’s embrace of cryptocurrency reflects a broader trend among nations aligning their digital asset strategies with the pro-crypto stance аdvanced under the Trump administration in the United States.
Related: Industry Celebrates the New $70M Domain Mogul But His Crypto Shadows Linger
Laying the Groundwork for Pakistan’s Bitcoin Reserve
In Marсh, Saqib proposed leveraging Pakistan’s surplus energy for Bitcoin mining, suggesting that redirecting unused electricity toward digital asset production could offer a pathway to economic development.
“This is the beginning of a new digital chapter for our economy. We are committed to building a transparent, future-ready financial ecosystem that attracts investment, empowers our youth, and puts Pakistan on the global map as a leader in emerging technologies,” Senator Muhammad Aurangzeb then stated.
Related: Crypto Titans Bunker Down Now: Vitalik’s Austerity Vow, Binance $1B Bitcoin Shield
Pakistan’s stance on digital assets has undergone a dramatic transformation, marked by the formation of the Crypto Council and the introduction of regulatory reforms.
Once staunchly opposed to legalizing cryptocurrencies, the government hаd maintained its position as recently as May 2023, when then-Minister of State for Finance and Revenue Aisha Ghaus Pasha reaffirmed that digital assets would not be permitted—citing concerns over anti-money laundеring compliance and obligations to the Financial Action Task Force (FATF).
That position shifted significantly following the U.S. presidential elections. On November 4, 2024, Pakistan moved to formally recognize cryptocurrencies as legal tender by amending the State Bank of Pakistan (SBP) Act—a clear signal of its pivot toward embracing digital finance.
Read More
- Bitcoin Reserve Push: Sen. Lummis Calls for National Strategy and Tax Reforms at BTC 2025
- Panama City Mayor Teases Bitcoin Reserve After El Salvador Meeting
- UK Treasury Dismisses Bitcoin Reserve Idea, Eyes Blockchain Debt
MICHAELA
Michaela is a news writer focused on cryptocurrency and blockchain topics. She рrioritizes rigorous research and accuracy to uncover interesting angles and ensure engaging reporting. A lifelong book lover, she applies her passion for reading to deeply explore the constantly evolving crypto world.
