For the first time, the Pakistani government has firmly established its presence in the international crypto and blockchain arena by officially establishing a Bitcoin reserve. The groundbreaking announcement was made by Pakistan's Crypto and Blockchain Minister Bilal Bin Saqib at the 'Bitcoin Vegas 2025' held in Las Vegas, USA.Geo News reported that the Pakistani government has unveiled a Bitcoin reserve, marking a historic step in the country's digital and financial vision.Bilal Bin Saqib is also the CEO of the Pakistan Crypto Council. In a keynote address in the presence of global technology and political figures - US Vice President JD Vance, Eric Trump and Donald Trump Jr., Bilal said that this is not just a reserve, but a far-reaching commitment to the country's financial future.Bilal bin Shakib said, "I am here only.In his speech, Bilal bin Saqib said, "I am not here just as a minister. I am here on behalf of a generation that is online, on-chain, and unstoppable. The youth of Pakistan are the driving force behind our digital transformation."
According to the announcement, this Bitcoin reserve will not be used for speculation or trading purposes. Rather, it will remain a sovereign asset, reflecting the government's long-term commitment to blockchain technology.
Bilal bin Saqib also announced that the government will allocate 2,000 megawatts of surplus electricity for the construction of mining and AI-based data centers. This is a well-planned move aimed at attracting domestic and foreign technology companies, investors in the renewable energy sector, and sovereign mining operators.
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He also announced the formation of a new regulatory body, the Pakistan Digital Assets Authority, which will work to protect investors, empower developers, and shape the digital economy.#CEXvsDEX101 #pakistanicrypto
