#Pakistan Crypto Strategy: Engages with El Salvador on $BTC plan
In a historic step marking increased international virtual currency diplomacy, Pak Crypto Council CEO and Prime Minister's Special Assistant on token economy and Blockchain Bilal Bin Saqib met with El Salvador President Nayib Bukele to discuss Bitcoin adoption collaboration. The top-level meeting occurred in San Salvador and ended with the signing of a Letter of Intent to formalize virtual asset cooperation between the two countries.@Sarfraz1999 @
Formal Framework for #bitcoin Collaboration
The recent agreement between EI Salvador’s Bitcoin Office and Pak token economy Council aims to support sector adoption, improve financial inclusion through digital assets, and develop policies tailored to emerging economies.
With the signing of the letter, the Country may be exploring the path EI Salvador took with Bitcoin. While nothing is confirmed, this collaboration raises speculation that Pakistan Crypto Strategy could be testing waters for its own Journey. #CryptoMarket4T
Just a day prior to the meeting with President Bukele, Bilal Bin Saqib and Nation’s Finance Minister Muhammad Aurangzeb held a virtual meeting with Michael Saylor, executive chairman of MicroStrategy, a company which holds over $70 billion in BTC reserves. #StrategyBTCPurchase
Describe the high-level meetings as part of a "Pakistan Crypto Strategy" by officials, hinting towards the accelerating role of nation in the global digital asset ecosystem. @Chainbase Official
As diplomatic interest in digital assets increases,not everyone is supportive. Pakistan's proposal to utilize 2,000 MW of excess electricity to power BTC mining and AI hubs has been rejected. The IMF, expressing concern about market distortion and fiscal risk, objected to the plan during a continuing $7B loan program. @Caldera Official
Nevertheless, the step indicates Pakistan Crypto Strategy increasing enthusiasm for utilizing dormant energy for digital innovation.@Lagrange Official
What This Means for State's Vitual Currency Future
Pak’s interaction with Bukele and Saylor marks a prominent shift toward active participation in the global digital asset economy. While international organisations like the IMF remain wary, the country appears committed to exploring both infrastructure and regulatory models to support innovation. @Huma Finance 🟣
Nation’s alignment with groundbreakers could pave the way for enhanced public sector blockchain use, expanded financial inclusion, and a more diversified energy strategy. #Write2Earn @soliya