#TradingTypes101

Pakistan's engagement with Bitcoin is marked by a complex interplay between progressive initiatives and existing legal constraints.

In May 2025, Bilal Bin Saqib, CEO of the Pakistan Crypto Council and Special Assistant to the Prime Minister on Blockchain and Crypto, announced plans to establish a national strategic Bitcoin reserve. This initiative includes allocating 2,000 megawatts of surplus electricity to support Bitcoin mining and AI data centers, aiming to utilize excess power capacity and foster technological advancement .

However, despite these forward-looking measures, the State Bank of Pakistan and the Ministry of Finance have reiterated that cryptocurrency transactions remain illegal under current regulations. This contradiction has led to confusion and criticism, highlighting the need for a coherent policy framework .

To address this, the Pakistan Crypto Council is set to convene on June 2 to discuss the development of a regulatory framework for digital assets, including the potential establishment of the Pakistan Virtual Assets Regulatory Authority (PVARA) .

As of now, while Pakistan explores the potential of integrating Bitcoin into its economic strategy, the legal status of cryptocurrency remains unresolved, necessitating clear regulatory guidelines to align national initiatives with existing laws.