Pakistan Appoints Special Assistant for Blockchain and Cryptocurrency Affairs: A Leap Toward Digital Innovation
In a groundbreaking move, Pakistan has appointed Bilal Bin Saqib, CEO of the Pakistan Crypto Council, as the Special Assistant to the Prime Minister on Blockchain and Cryptocurrency, with the status of Minister of State. This strategic decision, announced on May 26, 2025, underscores Pakistan’s ambition to become a global leader in the digital economy, aligning with nations like the United States, El Salvador, and the UAE in prioritizing blockchain and cryptocurrency innovation.
A Vision for Pakistan’s Digital Future
Bilal Bin Saqib’s appointment signals Pakistan’s commitment to embracing cutting-edge technologies to drive economic growth and global competitiveness. With over 40 million crypto users and trading volumes exceeding $300 billion annually, Pakistan ranks among the top 10 countries for crypto adoption, according to the Chainalysis Global Crypto Adoption Index 2023. This vibrant digital landscape, coupled with the country’s youthful demographic and a robust pool of over 40,000 IT graduates annually, positions Pakistan to lead in blockchain and Web3 development.As Special Assistant, Saqib will spearhead initiatives to:
1:Develop FATF-Compliant Regulations:
Crafting a regulatory framework that ensures compliance with global standards while fostering a safe environment for digital asset innovation.
2:Launch State-Backed Bitcoin Mining:
Utilizing Pakistan’s surplus electricity, with 2,000 megawatts recently allocated for Bitcoin mining and AI centers, to drive economic opportunities.
3:Integrate Blockchain in Governance:
Implementing blockchain technology in critical sectors like finance, land records, and public administration to enhance transparency and efficiency.
4:Promote Web3 Ecosystem Growth:
Overseeing the licensing of Virtual Asset Service Providers (VASPs) and implementing investor protection measures to nurture a thriving Web3 ecosystem.
Strategic Collaborations and Global Impact
Under Saqib’s leadership at the Pakistan Crypto Council, Pakistan has already forged significant partnerships, including a landmark agreement with World Liberty Financial (WLF), a decentralized finance platform backed by U.S. President Donald Trump. This collaboration aims to accelerate blockchain innovation and promote stablecoin adoption in Pakistan. Additionally, the appointment of Changpeng Zhao, former CEO of Binance, as a strategic advisor to the Pakistan Crypto Council, highlights Pakistan’s intent to leverage global expertise in shaping its digital asset strategy.
Why This Matters
Pakistan’s proactive approach to blockchain and cryptocurrency reflects a forward-thinking strategy to harness emerging technologies for economic empowerment. By appointing a dedicated leader like Bilal Bin Saqib, Pakistan joins a select group of nations prioritizing digital assets at a ministerial level. This move not only strengthens Pakistan’s position in the global digital economy but also paves the way for innovation-driven growth, job creation, and financial inclusion.
Conclusion
The appointment of Bilal Bin Saqib as Special Assistant to the Prime Minister on Blockchain and Cryptocurrency marks a pivotal moment for Pakistan’s digital transformation. With a clear focus on regulatory development, technological integration, and global partnerships, Pakistan is poised to emerge as a hub for blockchain innovation. Stay tuned as the nation takes bold steps toward a decentralized, tech-driven future.
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