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Pakistan has announced a strategic reserve of Bitcoin.
This move represents a significant shift from the previous stance of the Pakistani government that cryptocurrencies would never be granted legal status.
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1:17 Pakistan has announced a strategic reserve of Bitcoin. News In your social feed Cointelegraph Follow us Follow us Bilal Bin Saqib, the head of Pakistan's Crypto Council, announced on May 28 that the country is moving towards establishing a strategic Bitcoin reserve.
Speaking at the Bitcoin 2025 conference in Las Vegas, Nevada, Saqib stated that the Government of Pakistan is following the lead of the United States in establishing a Bitcoin strategic reserve and adopting crypto regulatory policies. The official told the attendees:
"Today is a very historic day. Today, I announce that the Pakistani government is establishing a Bitcoin strategic reserve under its leadership, and we would like to thank the United States again as we were inspired by them." This announcement represents a significant departure from the previous position of the Government of Pakistan regarding cryptocurrencies, which stated that crypto would never be legal in the country.