$BTC
The Pakistani government is really mining Bitcoin. After a border dispute with India, Pakistan announced that it will use 2,000 MW (Megawatt) of its state-owned electricity to exclusively mine Bitcoin.
The first phase of the project, which will provide more electricity to AI centers and Bitcoin mining firms, will attract billions of dollars in foreign investment and create high-tech jobs, the finance minister said.
The second phase will introduce renewable energy for Bitcoin mining, which will create a balance in combating environmental pollution.
In addition to the electricity subsidy program, the Pakistani government has also announced tax benefits for Al Centers and exemptions for Bitcoin miners. Government officials have also announced that foreign-owned companies are currently studying the possibility of operating in Pakistan.
Pakistan currently ranks 9th on Chainalysis' list of countries with the highest crypto usage, and it is estimated that there will be 27 million crypto users in the country by 2025.