ISLAMABAD -UNS: Pakistan has announced the establishment of its first government-backed Bitcoin reserve and national Bitcoin wallet.
The announcement was made by Bilal Bin Saqib Special Assistant to the Prime Minister on Crypto and Blockchain at the Bitcoin Vegas 2025 conference held here which was attended by US Vice President JD Vance, and sons of President Donald Trump, Eric and Donald Trump Jr.
Saqib, who was recently appointed as special assistant to the prime minister recently, has been on a tour to the United States seeking investment in Pakistan’s crypto markets.
According to sources, Bilal said that this wallet has been created to secure digital assets held in state custody. The government has announced the allocation of 2,000 megawatts of additional electricity for Bitcoin mining and AI data centers.
He stated that there are over 40 million crypto wallets in Pakistan, and that the country is one of the world’s largest freelancing economies.
Bilal invited global crypto companies to invest in Pakistan, saying that Pakistan wants to progress and international companies should invest in the country.
Sources stated that this initiative is opening doors for independent miners, tech companies, and international blockchain firms. The establishment of a Digital Assets Authority of Pakistan has also been announced to regulate blockchain-based financial infrastructure.
