The newly appointed Chief Advisor to the Finance Minister for the Pakistan Crypto Council, Bilal Bin Saqib, Friday said that Pakistan Crypto Council recognizes Pakistan’s strong position as one of the top 10 nations globally in crypto adoption.
“Moving forward, it will be our priority to recognize crypto as a strategic asset, develop comprehensive and forward-thinking regulatory frameworks, and ensure compliance to position Pakistan as a leader in the digital financial revolution,” Saqib said in a post on social media platform X.
His comments came after US President Donald Trump signed an executive order to establish a strategic reserve of cryptocurrencies by using tokens already owned by the government.
A “Strategic Bitcoin Reserve” will be capitalized with bitcoin owned by the federal government that was seized as part of criminal or civil asset forfeiture proceedings, the White House crypto czar, billionaire David Sacks, said in a post on X.
Commenting the development, Saqib said that for the world, this decision brings greater legitimacy to crypto as a store of value, accelerates institutional adoption, and strengthens the foundation of the digital economy. It also sets a precedent for other nations to follow, reshaping the future of global finance.
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You mean like the asset that 😏 went down thanks to trump coins ?
Are we forgetting lack of actual regulation or safety net for those affected by crypto scams ?
The reason why crypto is feared is due to lack of transparency and know how , not to mention lack of regulation to check how those affected by it all be compensated in case of any issues.
Have we forgotten binance ?
Have we forgotten bitconnect ?
Have we forgotten SBF ?
Have we forgotten the hawk tuah girl ?
Have we forgotten trump coin ?
Have we forgotten terra Luna?
Billions lost and no justice to this day.
Another useless feather in the cap of Pakistan, another resource depletion technique. May Allah protects Pakistan from these type of mean and useless and negative activities.
Have we forgotten binance ?
Have we forgotten bitconnect ?
Have we forgotten SBF ?
Have we forgotten the hawk tuah girl ?
Have we forgotten trump coin ?
Have we forgotten terra Luna?
Billions lost and no justice to this day.
Free darshan
Reduction I have God birthday
Nabeel gill