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Pakistan's crypto king unveils Strategic Bitcoin Reserve — but who's pulling the strings?

Pakistan signed a deal on April 26 with World Liberty Financial (WLF), a US-based crypto firm in which Trump's sons Eric and Donald Jr., along with Jared Kushner, hold a 60% stake

Bilal Bin Saqib unveiled Pakistan's first government-led Strategic Bitcoin Reserve at the Bitcoin Vegas 2025 Summit

In a move that has drawn both global attention and geopolitical scrutiny, Pakistan's newly appointed Special Assistant to the Prime Minister on Crypto and Blockchain, Bilal Bin Saqib, unveiled the country's first government-led Strategic Bitcoin Reserve at the Bitcoin Vegas 2025 summit. But as the high-profile announcement echoes recent US crypto policy shifts, questions are emerging over the deep involvement of Trump-linked entities and the direction of Pakistan’s digital finance ambitions.

Addressing an elite audience that included US Vice President JD Vance, Eric Trump, and Donald Trump Jr., Saqib declared, “Pakistan is no longer defined by its past. It is being reborn as a forward-looking hub of digital innovation — powered by its youth, sharpened by necessity, and led by a new generation of tech statesmen.”

He announced the creation of a national bitcoin wallet "holding digital assets already in state custody — not for sale or speculation, but as a sovereign reserve signalling long-term belief in decentralised finance." Saqib added that the Pakistani government has allocated 2,000 megawatts of surplus electricity for bitcoin mining and AI data centres, inviting "sovereign miners, tech firms, and clean energy partners around the world."

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