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Pakistan has recently launched its first government-backed Bitcoin reserve, marking a significant shift in its stance on digital finance. The announcement was made by Bilal Bin Saqib, Special Assistant to the Prime Minister on Blockchain and Crypto, at the Bitcoin 2025 conference in Las Vegas.
*Key Features of Pakistan's Bitcoin Reserve:*
- *National Bitcoin Wallet*: A sovereign wallet to hold long-term, non-tradable BTC reserves, signaling confidence in decentralized finance.
- *Allocation of Electricity*: 2,000 megawatts of surplus electricity allocated to support Bitcoin mining and AI data centers, aiming to attract tech firms and sovereign miners globally.
- *Regulatory Framework*: The Pakistan Digital Assets Authority (PDAA) will regulate digital finance, blockchain infrastructure, and tokenized assets, developing frameworks for DeFi and blockchain-based public finance.
*Government's Intentions:*
- *Long-term Strategy*: The government plans to hold Bitcoin as a sovereign asset, not for short-term speculation or trading.
- *Digital Economy Growth*: The initiative aims to modernize the power sector, boost jobs, and attract investment, leveraging Pakistan's youthful population and tech-savvy talent pool ¹ ² ³.