Historic Policy Reversal Announced at Global Conference

In a dramatic policy shift, Pakistan's Crypto Council chief Bilal Bin Saqib revealed plans to establish a government-backed Bitcoin reserve during the Bitcoin 2025 conference in Las Vegas. This move marks a complete reversal from Pakistan's previous position that cryptocurrencies would never gain legal status.

Following the U.S. Blueprint for Digital Assets

The initiative directly mirrors the United States' strategic Bitcoin reserve program launched under the Trump administration. "We want to thank America for inspiring this financial innovation," Saqib told attendees, noting the reserve would form part of broader pro-crypto regulatory reforms. The announcement came exactly three months after Pakistan created its National Crypto Council to develop comprehensive digital asset frameworks.

Energy and Mining Infrastructure Takes Shape

Pakistan has already allocated 【2,000 megawatts】 of excess energy for Bitcoin mining operations and high-performance computing centers. This builds on earlier proposals to utilize surplus power for cryptocurrency mining—a strategy that could potentially generate 【$500 million】 annually according to industry estimates.

High-Profile Advisors Join Regulatory Efforts

The government has enlisted prominent figures including Binance co-founder Changpeng Zhao as special advisors. Meanwhile, a partnership with Trump's World Liberty Financial aims to develop DeFi infrastructure and tokenized asset solutions. ——"This represents Pakistan's leap into the future of finance,"—— remarked a ministry spokesperson.

New Regulatory Body to Oversee Crypto Growth

Complementing these developments, Pakistan's Finance Ministry is establishing a Digital Asset Authority to license and regulate cryptocurrency platforms. The agency will implement safeguards while fostering innovation—a delicate balance that reflects the country's cautious embrace of blockchain technology.

As of press time, analysts note Pakistan's crypto pivot reflects broader global trends, with multiple nations reconsidering digital asset policies following regulatory shifts in major economies. The speed of implementation—from complete prohibition to strategic reserve planning in under six months—sets a remarkable precedent in financial policy evolution.