Pakistan has announced plans to establish a government-led Bitcoin Strategic Reserve, Minister of State for Finance Bilal Bin Saqib announced at the bitcoin2025 conference in Las Vegas on Wednesday.
“Today I will announce that the Pakistani government is setting up its own government-led Bitcoin strategic reserve,” he said while addressing the conference.
He said Pakistan is taking inspiration from the United States in embracing a pro-crypto regulatory approach. Bilal announced the establishment of a national Bitcoin wallet, holding digital assets already in state custody, not for sale or speculation, but as a sovereign reserve signaling long-term belief in decentralized finance. He also thanked President Donald Trump for his role as a peacemaker in the recent India-Pakistan conflict and for his commitment to crypto adoption.
He said Pakistan hass over 40 million crypto wallets and most active freelancer economies in the world.
“This wallet, the National Bitcoin wallet, is not for speculation or hype. We will be holding these Bitcoins and we will never ever sell them,” he later added.
It bears mentioning that the Minister of State, who is also the Chief Executive Officer of the recently formed Pakistan Crypto Council, didnt specify how the government plans on forming a strategic reserve for Bitcoin when the central bank still doesnt recognize the digital asset as legal tender.
I am a computer graphics designer.
More scams . Same claims were made in Argentina , El Salvador, Colombia and everytime it failed massively.
Our economy is already in the last bits. People cant afford anything. And we are waiting money on this make belief .
We should be bringing supply chains to Pakistan
Cars cost 40 lac . They should be 12 to 20 lac atmost
Bad decision. We don’t have enough fiat, USD reserves. “Never ever sell them”, then better keep pebbles in a Matka, earthen jar”. Such a volatile asset is not for poor Pakistan.
This country is a joke .
No policy shown . Allocating resources to the worst scam in history . Even bitcoin which was created in Japan, own founder is hiding as he/she doesn’t want to be found.
If that’s not shady I don’t know what is.
Also CZ was arrested for money laundering just few months ago.. how is this even allowed
Pakistani government playing around with Cryptocurrencies is like a bankrupt guy maxing his credit cards to go gambling in a casino. This has disaster written all over it!