Pakistan has recently made another significant step in advancing its crypto policy. In this respect, Bilal Bin Saqib, Pakistan’s National Crypto Council’s head, has announced the establishment of the Bitcoin ($BTC) Strategic Reserve. This groundbreaking announcement is expected to elevate the country’s position among the top jurisdictions promoting cryptocurrency.
Pakistan Announces Development of Bitcoin Reserve, Inspired by U.S.
The announcement of creating Bitcoin ($BTC) reserve took place at the Las Vegas-based Bitcoin 2025 Conference on May 28. Bilal Bin Saqib declared that the Pakistani administration is establishing its separate government-backed Bitcoin reserve. The move is reportedly inspired by the Bitcoin ($BTC) reserve developed by the United States.
In this respect, this development is in stark contrast with Pakistan’s earlier hostile approach toward crypto assets. Particularly, only 2 years ago, the government had announced a blanket ban on crypto mining and trading. While justifying this stance, the government referred to the concerns related to financial instability and money laundering. Nonetheless, a wider tide shift across the globe has contributed a lot to changing Pakistan’s stance, led by the influence of crypto-proponent nations.
Trump’s WLFI to Help Pakistan Build DeFi and Tokenize Assets
This development reflects the wider international developments, specifically the regulatory shifts unveiled by the U.S. President Donald Trump’s administration. Recently, the World Liberty Financial (WLFI) has officially signed a letter of intent that promises assistance for Pakistan in the tokenization of real-world assets as well as the establishment of DeFi infrastructure.
In addition to this, the National Crypto Council has also made significant developments to promote the crypto market. Hence, the council has proposed the utilization of surplus energy to conduct Bitcoin ($BTC) mining. Overall, the move to build a Bitcoin ($BTC) reserve underscores a continuous policy spin ups by countries across the globe to embrace the crypto market. By integrating the lead digital coin into Pakistan’s national reserves, the government strengthens its position when it comes to economic sovereignty.
