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 stated 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 is able to — no less than at first — be stuffed with the U.S. authorities’s holdings from felony and civil forfeitures, estimated to take a seat at round 200,000 bitcoins. He additionally stated that the federal government of Pakistan was following the U.S.’s push for stablecoin laws, the GENIUS Act, “very carefully.”
Just like the bitcoins earmarked for the U.S. strategic reserve, Bin Saquib stated that the Pakistani authorities wouldn’t promote its bitcoins.
“This wallet, the national bitcoin wallet, is not for speculation or hype. We will be holding these bitcoins and we will never, ever sell them,” Bin Saqib stated.
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 knowledge facilities.“We want to welcome all miners to come to Pakistan, all the infrastructure players to come to Pakistan and build with us,” Bin Saqib stated.
Bin Saqib stated that the institution of a bitcoin strategic reserve in Pakistan can be “just the beginning” of the nation’s embrace of the crypto trade.
“We have over 100 million unbanked people. They lack tools for saving, for investment, and we want to change that. We want them to break their economic classes. And I really believe that crypto and blockchain can help us take that quantum leap,” Bin Saqib stated. “We want to tokenize our illiquid assets. We want to do digital IDs … So Pakistan is looking for allies. Pakistan is looking for access, because Pakistan wants to build.”
