According to Cointelegraph, Pakistan is set to establish a strategic Bitcoin reserve, marking a significant shift in its stance on cryptocurrencies. Bilal Bin Saqib, head of Pakistan’s crypto council, made the announcement on May 28 during the Bitcoin 2025 conference held in Las Vegas, Nevada. Saqib revealed that the Pakistani government is following the United States' lead in creating a Bitcoin strategic reserve and is adopting pro-crypto regulatory policies.
Saqib emphasized the historic nature of the announcement, stating, "Today is a very historic day. 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." This move represents a notable departure from Pakistan's previous stance, where cryptocurrencies were not considered legal. The shift aligns with a broader trend of nation-states embracing pro-crypto policies, influenced by regulatory changes in Washington, DC under U.S. President Donald Trump's administration.
The establishment of a Bitcoin strategic reserve by Pakistan highlights the growing acceptance and integration of cryptocurrencies into national financial strategies. As more countries look to digital assets as part of their economic frameworks, Pakistan's decision underscores the influence of international developments on domestic policy. The announcement at the Bitcoin 2025 conference signals a new era for Pakistan in the realm of digital currencies, potentially paving the way for further advancements in its financial sector.
