Pakistan and Kyrgyzstan are advancing their collaboration in the crypto and blockchain sectors through a recent high-level virtual meeting. Bilal Bin Saqib, Pakistan’s Minister of State for Crypto and Blockchain, and Farkhat Aminov, Director of Kyrgyzstan’s National Investment Agency, discussed sharing expertise in digital finance and establishing joint regulations for virtual assets. Pakistan is seeking a formal agreement, proposing a Memorandum of Understanding to solidify their partnership. Following the establishment of the Pakistan Crypto Council, with Bin Saqib as CEO, the country is moving forward with its Virtual Assets Ordinance, 2025, which introduces an independent regulator for cryptocurrencies. Bitcoin pioneer Michael Saylor commended Pakistan's proactive approach. The two nations also plan to collaborate on blockchain research, conduct training sessions, and develop new financial tools. They aim to enhance bilateral trade, targeting an annual volume of $100 million, and improve regional transport links to facilitate trade. The upcoming MoU on crypto cooperation will provide a framework for shared regulations, attracting global investors while safeguarding local users.

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