Turkish Fintech Linked to SadaPay Probed for Laundering
May 29, 2025
Azerbaijan to Invest $2 Billion in Pakistan
May 30, 2025
Pakistan has revealed plans to create a government-led Bitcoin Strategic Reserve, as announced by Bilal Bin Saqib MBE at the Bitcoin2025 conference in Las Vegas on Wednesday. He shared that the government is establishing its own national Bitcoin wallet to hold digital assets already under state custody. These assets are intended not for speculation or sale but as a sovereign reserve, reflecting a long-term commitment to decentralized finance.
The minister mentioned that Pakistan is drawing inspiration from the United States’ pro-crypto regulatory stance. He also expressed gratitude towards former President Donald Trump for his role in easing recent tensions between India and Pakistan and for supporting cryptocurrency adoption. Bilal Bin Saqib emphasized that the National Bitcoin wallet is meant to hold Bitcoin securely and that the government has no plans to sell these holdings.
It is important to note that while the initiative signals a significant step towards embracing digital assets, the Minister, who is also CEO of the Pakistan Crypto Council, did not clarify how the strategic reserve will be formed, especially since the country’s central bank has yet to recognize Bitcoin as legal tender.
