The Pakistani government embraces Bitcoin, following the example set by the United States.
Pakistan has officially announced the creation of a strategic Bitcoin reserve. The announcement was made during the Bitcoin 2025 conference in Las Vegas, marking a significant shift from the government’s previous stance against digital assets.
During the event, Bilal Bin Saqib, head of the Pakistani Crypto Council, shared the country’s decision:
“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 because we were inspired by them.”
Bin Saqib then added:
“This wallet, the national Bitcoin wallet, is not for speculation. We will be holding these bitcoins and we will never, ever sell them.”
It remains unclear how the bitcoins will be acquired, whether through direct purchases or other means.
Pakistan’s shift in approach toward digital assets traces back to last February, when the government first explored the idea of creating a National Crypto Council. This body was designed to oversee the development of a comprehensive regulatory framework for cryptocurrencies and to attract foreign investment in the sector.
The Council’s proposed initiatives included projects such as utilizing surplus energy for Bitcoin mining, building high-performance data centers, and accumulating Bitcoin for the national treasury.
Just a few days ago, the Council officially allocated 2,000 megawatts of surplus energy to support mining operations and AI data centers.
Moreover, Changpeng Zhao, co-founder of Binance, was appointed as an advisor to the Council in April, offering expertise on crypto regulations, blockchain infrastructure, and the adoption of digital assets.
To further consolidate this new approach, the Pakistani Ministry of Finance has commissioned the creation of the Digital Asset Authority, an agency dedicated to supervising digital asset regulations and issuing licenses for crypto service providers operating within the country.
