“Pakistan is no longer defined by its past,” announced Bilal Bin Saqib at the Bitcoin Conference in Las Vegas in May. He’s the special assistant to Pakistan’s prime minister, for crypto and blockchain. “It is being reborn as a forward-looking hub of digital innovation.” That “forward” movement, he added, is the Pakistan government’s plan to build a stash of bitcoins as its sovereign reserve — like an emergency wallet.
The plan is inspired by the US, which under its president Donald Trump has set up a strategic bitcoin reserve and digital asset stockpile — not for sale or transactions but as reserve assets for “national prosperity”. And Saqib, Pakistan’s crypto ‘tsar’, has been engaging with American policymakers about how to get it done.
The plan is inspired by the US, which under its president Donald Trump has set up a strategic bitcoin reserve and digital asset stockpile — not for sale or transactions but as reserve assets for “national prosperity”. And Saqib, Pakistan’s crypto ‘tsar’, has been engaging with American policymakers about how to get it done.
