According to BlockBeats, Bilal Bin Saqib, the chief advisor of the Pakistan Crypto Council, has announced plans to deploy Pakistan's national Bitcoin reserves into decentralized finance (DeFi) protocols to generate returns.
The Pakistan Crypto Council submitted a draft legal framework for the national Bitcoin reserves on June 6, which the Ministry of Finance has agreed to expedite. The government aims to position itself as a leader among Global South countries in the development and adoption of digital assets.
Bilal Bin Saqib was appointed as the chief advisor to the Pakistan Crypto Council in March 2025. His role involves guiding the integration of cryptocurrency and blockchain technology into Pakistan's financial ecosystem while ensuring the regulatory framework aligns with global best practices. Michael Saylor will also serve as an advisor to assist Pakistan in establishing its Bitcoin reserves.
