🇵🇰 Pakistan Plans Government Bitcoin Reserve
Pakistan is creating a government-led Bitcoin reserve, announced by Bilal Bin Saqib, CEO of the Pakistan Crypto Council, at the Bitcoin 2025 conference. The reserve is intended for holding, rather than speculation or hype, without intentions to sell these Bitcoins. The exact amount of Bitcoin to be held is currently unknown. Alongside this, Pakistan plans to invest in Bitcoin mining and AI data centers, and is exploring blockchain for governmental efficiency. This initiative follows the establishment of the Pakistan Digital Assets Authority aimed to regulate the crypto sector. Inspired by the U.S.'s crypto endeavors, this marks a significant move in Pakistan’s digital asset strategy. El Salvador was the first country to recognize Bitcoin as legal tender.
FAQ
❓ What is the purpose of Pakistan's Bitcoin reserve?
The reserve is designed for long-term holding and strategic purposes, not for speculation.
❓ How does Pakistan intend to use blockchain technology?
Pakistan plans to use blockchain to improve government efficiency and study the tokenization of illiquid assets.