“It became like a single window operation to accelerate crypto in Pakistan because there was work being done in different silos,” he explains.
“We wanted to bring everything under one window operation,” Saqib says. He adds that the council comprises the finance minister, who serves as the council’s chairman, the governor of the state bank, and the SEC chairman.
Just two months later, in May, Saqib got another promotion. Pakistan Prime Minister Shehbaz Sharif appointed Saqib as his special assistant on crypto and blockchain, after announcing his plans for a strategic Bitcoin reserve.
“My role has been elevated as the special assistant to the prime minister on crypto and blockchain, essentially a state minister. I think it is the only ministry in the world right now for crypto and blockchain.”
Like the US, Pakistan’s strategic Bitcoin reserve will use Bitcoin seized from criminal activities, which has been “just sitting idle with the law enforcement agencies.”
Saqib shuts down rumors that Pakistan will front-run America
Jan3 founder Samson Mow recently told Magazine that the US needs to hurry up and start acquiring Bitcoin for its strategic Bitcoin reserve, or Pakistan may outpace it. But Saqib says the country isn’t an active buyer, either
