Pakistan Announces First State-Backed Bitcoin Reserve and National Crypto Wallet
Web Desk
|
3 weeks ago
In a historic step towards digital finance, Pakistan has announced the creation of its first government-backed Bitcoin reserve and the launch of a national Bitcoin wallet.
The announcement was made by Bilal Bin Saqib, Special Assistant to the Prime Minister on Blockchain and Crypto, during the Bitcoin Vegas 2025 conference held in Las Vegas.
Key Highlights:
- The national crypto wallet will secure state-held digital assets.
- Pakistan already has over 40 million active crypto wallets.
- The government has allocated 2000 megawatts of additional electricity for Bitcoin mining and AI data centres.
- Global crypto and blockchain companies were invited to invest in Pakistan’s digital economy.
- The government also announced the establishment of the Pakistan Digital Assets Authority to regulate blockchain-based financial infrastructure.
Bilal Bin Saqib expressed appreciation for former U.S. President Donald Trump for his role in regional peace and support for crypto adoption. The event was also attended by U.S. Vice President J.D. Vance, Eric Trump, and Donald Trump Jr.
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