Pakistan has introduced the creation of a government-led Bitcoin strategic reserve, marking a dramatic reversal from its earlier anti-crypto stance and signaling its intent to grow to be a critical participant within the world digital asset area.
Bilal bin Saqib, head of the Pakistan Crypto Council, revealed the initiative on the Bitcoin 2025 convention in Las Vegas on Wednesday. Whereas addressing a packed viewers, Saqib credited the US for main the best way.
“Immediately is a really historic day,” he stated. “I announce the Pakistani authorities is establishing its personal government-led Bitcoin Strategic Reserve. And we need to thank the USA of America once more as a result of we have been impressed by them.”
Immediately,
rewrites historical past.
At Bitcoin 2025 Vegas, Minister of Crypto and Blockchain @bilalbinsaqib declares that Pakistan shall be establishing its Strategic Bitcoin Reserve. pic.twitter.com/1vNjryqimf— Pakistan Crypto Council (@cryptocouncilpk) Could 29, 2025
The announcement didn’t embody particulars on how the reserve can be funded. It additionally didn’t specify how a lot Bitcoin can be held. Nonetheless, Saqib made it clear that the holdings are usually not meant for hypothesis.
“We shall be holding these Bitcoins and we’ll by no means, ever promote them,” he stated.
Pakistan Reverses Course on Crypto as World Momentum Builds
Simply two years in the past, Pakistan’s finance ministry declared that cryptocurrencies would by no means be legalized. Since then, world attitudes towards digital property have shifted.
In consequence, that place has softened significantly in 2025. International locations together with the US, underneath President Donald Trump, have moved to embrace blockchain, influencing Pakistan’s change in stance.
Now, Pakistan’s pivot is a part of a broader nationwide technique. Notably, the formation of the Pakistan Crypto Council earlier this yr marked a significant step in constructing out the nation’s crypto infrastructure. Led by Saqib and suggested by Binance founder Changpeng Zhao, the council goals to drive blockchain innovation and develop the usage of stablecoins and decentralized finance inside Pakistan’s monetary methods.
WLF Settlement, Federal Price range Plans Present Pakistan’s Crypto Focus
In April, Pakistan signed a Letter of Intent with US-based World Liberty Monetary. The crypto agency is backed by monetary pursuits linked to former US President Donald Trump’s household. The settlement outlines collaboration on asset tokenization, stablecoin improvement and DeFi regulatory frameworks. It adopted high-level conferences with Prime Minister Shehbaz Sharif, Military Chief Normal Asim Munir and senior WLF executives.
Additional, the federal government has additionally dedicated 2,000 megawatts of energy for crypto mining and AI infrastructure. This transfer is anticipated to assist large-scale digital operations. As well as, a authorized framework for digital asset regulation is at present being developed. It’s prone to be launched within the upcoming federal price range.
Taken collectively, these efforts replicate a strategic nationwide push. With 25m lively crypto customers and an annual transaction quantity of $300b, in accordance with Chainalysis, Pakistan is working to determine itself as a reputable participant within the world crypto panorama.
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