Pakistan Launches First Government-Backed Bitcoin Reserve
Pakistan has announced the establishment of its first government-backed Bitcoin reserve, marking a major milestone in the world of cryptocurrency.
The announcement was made by Bilal bin Saqib, Special Assistant to the Prime Minister on Blockchain, Crypto, and CEO of the Pakistan Crypto Council (PCC), during Bitcoin Vegas 2025.
Bilal bin Saqib, on the occasion, expressed special gratitude to US President Donald Trump for his support in reducing tensions between India and Pakistan, as well as for his stance on the adoption of cryptocurrency.
US Vice President JD Vance, Eric Trump, and Donald Trump Jr. were also present at the event.
There are about 40 million active crypto wallets in Pakistan, making it one of the largest and most active freelance economies in the world.
Speaking at the event, Bilal bin Saqib also announced the establishment of a national Bitcoin vault, which will house digital assets that are already in the custody of the state.
The government has allocated over 2,000 megawatts of electricity for Bitcoin mining and artificial intelligence data centers in the first phase, which will create opportunities for independent miners, tech companies, and international blockchain firms.
The establishment of the Pakistan Digital Assets Authority has also been announced to organize and regulate the blockchain-based financial system.
These steps are important towards promoting the crypto revolution in Pakistan and strengthening the digital economy.
