Pakistan Labels Cryptocurrency a ‘Strategic Asset’

According to an adviser to the finance minister, Pakistan is moving to embrace #cryptocurrency as a “strategic asset,” signaling a shift in its dgital finance plans, as it works to regulate #digital assets and addresses years of uncertainty.

Last month, at a time where Pakistan already ranking among the top 10 nations for crypto adoption, Islamabad laid out plans for a national crypto council to create a secure, investment-friendly environment.

The demand is undeniable with over 20 million Pakistanis actively trading crypto despite obstacles like high transaction fees and previous bans on virtual currencies by the central bank.

Bilal Bin Saqib MBE, a Forbes-recognized entrepreneur and Web3 investor, now  joining as the chief adviser to the finance minister for this initiative, stressed on X that Pakistan’s focus is on crafting a solid regulatory framework while positioning itself as a leader in the digital financial revolution, pointing to the U.S. government’s Bitcoin Strategic Reserve as proof that digital assets are here to stay, and hinting that the world may soon pivot away from traditional assets like gold and oil.