Pakistan Announces Strategic Bitcoin Reserve

 

First State-Backed Bitcoin Reserve Comes to Pakistan

The government of Pakistan has introduced its first-ever state-backed Strategic Bitcoin Reserve, which marks an important moment in the history of the digital finance ecosystem in Pakistan.

Bilal Bin Saqib, CEO of Pakistan Crypto Council and Special Assistant to Prime Minister on Crypto and Blockchain, announced in a keynote address speaking at Bitcoin Vegas 2025 in Las Vegas, USA.

Saqib introduced the national Bitcoin wallet where existing digital assets stored in custody by the state will be accumulated. The Strategic Reserve will not be for trading or speculation, but rather an official digital asset that shows Pakistan is committed to decentralized finance for the long haul.

The government has allocated 2,000 megawatts of excess electricity for potential use in bitcoin mining and AI data centers, which will attract global miners and technology companies, as well as partnerships in clean energy.

Saqib announced the launch of the new Pakistan Digital Assets Authority (PDAA) which will oversee digital finance regulation, and investor protection, and promote innovation.

With over 40 million crypto wallets and a working freelancer economy, Pakistan is paving the way to becoming a new global center for blockchain and cryptocurrency development!

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