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“Pakistan will keep building in crypto”, its hotshot Finance Minister cum crypto council head Bilal Bin Saqib has recently claimed in a statement that signifies the South Asian country’s giant leap into web3 after ignoring the sector for over a decade.
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In a recent video uploaded on social media platforms, Saqib has emphasized the importance of cryptocurrencies in attracting foreign investment in Pakistan and reviving its stagnant economy.
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Quote of Saqib:
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“Pakistan will keep building in crypto. Our plan is to convert excess electricity, which is a liability to digital gold, launch sustainable Bitcoin mining.”
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“Building” is a popular idiom used in the crypto sector that refers to the creation of various projects, apps, smart contracts, and protocols in the Web3 domain. Building in crypto is a popular phrase adopted by Changpeng Zhao, co-founder of Binance exchange, who was recently appointed as strategic advisor to the national crypto council.
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He also added that setting up of national crypto council is a sign that Pakistani government ready to embrace the digital era.
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He also added that Pakistan’s mission is to convert its excess electricity from the nation’s liability to digital gold and to launch sustainable Bitcoin mining. Bilal also aims to regulate the nation’s framework into protocols without paralyzing innovation.
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He also added that Pakistan is drafting a future where entrepreneurs won’t have to ask, but they can instead ask what they can, and they are is is here to build. Pakistan is going to launch blockchain boxes at university pipelines, and developers, and they will also call all Pakistani diaspora using this medium.
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Bilal further added that he is there to tear the gate down for innovation. He emphasized the importance of a crypto framework rooted in economic realities, youth potential, and the global diaspora.
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In February, the Pakistani government thought about creating a National Crypto Council to manage and regulate cryptocurrencies and digital assets. This idea came after a meeting between Finance Minister Mohammed Aurangzeb and a group called “Trump Advisers for Digital Assets” from another country.
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The council aimed to build a responsible body for making rules, creating policies, and supporting the growth of the crypto industry in Pakistan. Further, the Pakistan Crypto Council was established on 14th March, 2025.
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Bilal Bin Saqib has also joined Donald Trump’s World Liberty Financial as a strategic advisor. Bilal’s role is a big deal for Pakistan’s crypto scene.
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