Islamabad: In a groundbreaking move, Pakistan has announced the establishment of national Bitcoin reserves as part of a broader strategy to regulate digital assets and strengthen financial stability.
According to Bilal Bin Saqib, Minister of State and CEO of the Pakistan Crypto Council, the government is introducing a comprehensive new crypto framework aimed at formalizing the management of digital assets. He stated, “Pakistan plans to integrate existing Bitcoin holdings into national reserves and generate revenue through decentralized finance (DeFi) protocols.”
“As part of this strategic initiative, the Ministry of Finance, the State Bank of Pakistan, and the Securities and Exchange Commission of Pakistan (SECP) will collaboratively develop a robust, transparent, and forward-looking regulatory framework for cryptocurrencies.”
The move has received international recognition. The renowned New York-based media platform CoinTelegraph Magazine has praised Pakistan’s progress in the crypto and blockchain space. The magazine reported that in 2024, Pakistan ranked 9th globally in terms of crypto adoption growth, reflecting its accelerating commitment to digital finance.
The report further revealed that Bilal Bin Saqib recently met with Michael Saylor, the founder and Executive Chairman of MicroStrategy, offering him a strategic advisory role in managing Pakistan’s national Bitcoin reserves.
According to CoinTelegraph, Pakistan’s decision to adopt and utilize digital assets through DeFi mechanisms marks a significant milestone toward economic innovation and financial independence.
