Pakistan's Strategic Leap: First Government-Backed Bitcoin Reserve Unveiled

Pakistan announces its first government-backed Strategic Bitcoin reserve to invite crypto investments. CEO Bilal Bin Saqib made the announcement at the Bitcoin Vegas 2025 conference. The initiative aims to position Pakistan as a hub for digital innovation, supported by developing a comprehensive regulatory framework and allocating resources for bitcoin mining.

In a groundbreaking move, Pakistan has unveiled its first government-backed Strategic Bitcoin reserve to stimulate investment in its burgeoning cryptocurrency market.

The announcement was made by Pakistan Crypto Council CEO Bilal Bin Saqib at the Bitcoin Vegas 2025 conference in Las Vegas, which featured notable attendees such as US Vice President JD Vance, Eric Trump, and Donald Trump Jr.

Saqib, who also serves as Special Assistant to the Prime Minister for Crypto and Blockchain, emphasized Pakistan's mission to evolve into a hub for digital innovation. This involves developing a regulatory framework, launching bitcoin mining, and integrating blockchain in governance.

(With inputs from agencies.)