LAS VEGAS, Nevada — The federal government of Pakistan has plans to ascertain a strategic bitcoin
reserve and help bitcoin mining, the nation’s Minister of State for Blockchain and Crypto Bilal Bin Saqib introduced at Bitcoin 2025 in Las Vegas on Wednesday.
Bin Saqib mentioned that Pakistan’s plans for a strategic bitcoin reserve have been impressed by U.S. President Donald Trump’s administration’s personal nascent plan for a strategic bitcoin reserve within the U.S., which can — no less than at first — be stuffed with the U.S. authorities’s holdings from prison and civil forfeitures, estimated to take a seat at round 200,000 bitcoins. He additionally mentioned that the federal government of Pakistan was following the U.S.’s push for stablecoin laws, the GENIUS Act, “very fastidiously.”
Just like the bitcoins earmarked for the U.S. strategic reserve, Bin Saquib mentioned that the Pakistani authorities wouldn’t promote its bitcoins.
“This pockets, the nationwide bitcoin pockets, is just not for hypothesis or hype. We will probably be holding these bitcoins and we are going to by no means, ever promote them,” Bin Saqib mentioned.
Along with organising a strategic reserve, Bin Saqiib introduced that the federal government of Pakistan has earmarked 2,000 megawatts of electrical energy for bitcoin mining and AI information facilities.“We need to welcome all miners to return to Pakistan, all of the infrastructure gamers to return to Pakistan and construct with us,” Bin Saqib mentioned.
Bin Saqib mentioned that the institution of a bitcoin strategic reserve in Pakistan could be “just the start” of the nation’s embrace of the crypto business.
“Now we have over 100 million unbanked individuals. They lack instruments for saving, for funding, and we need to change that. We wish them to interrupt their financial courses. And I actually imagine that crypto and blockchain can assist us take that quantum leap,” Bin Saqib mentioned. “We need to tokenize our illiquid belongings. We need to do digital IDs … So Pakistan is on the lookout for allies. Pakistan is on the lookout for entry, as a result of Pakistan needs to construct.”
