Pakistan is reportedly planning to allocate its excess electricity to Bitcoin mining and AI infrastructure, Crypto Council CEO told Reuters. The move comes days after appointing Binance founder Changpeng Zhao as strategic crypto advisor.
Bilal Bin Saqib, the Council’s head and advisor to the finance minister said that the country has been in talks with several Bitcoin mining firms.
The location of the Bitcoin mining centre will depend on the availability of surplus power in some regions, he added.
“Pakistan is in the top 10 global crypto adopters despite it not being regularised,” Saqib told Reuters, adding that the country has 15-20 million crypto users.
Saqib noted that the country aims to foster fintech innovation and growth through regulatory sandboxes, and safe environments for testing.
Further, he said that crypto, blockchain and AI upskilling among the country’s youths would foster job creation and economy. This would boost “exports through digital services, positioning the country as a hub for emerging tech talent on the global stage,” he added.
