Pakistan is taking a big step in the world of digital finance. The country plans to create a national Bitcoin reserve. This move is part of a wider effort to build a strong crypto framework.
The Pakistan Crypto Council (PCC) CEO, Bilal Bin Saqib, confirmed the plan. He said the goal is to use Bitcoin for financial stability and income generation. The country also aims to benefit from decentralised finance (DeFi).
According to Cointelegraph Magazine, Pakistan wants to officially include Bitcoin in its national reserves. The country will use digital assets to support its economy.
Bilal Bin Saqib recently met with Michael Saylor, a well-known Bitcoin supporter. He invited him to advise Pakistan on building its strategic Bitcoin reserve.
As of 2024, Pakistan ranks ninth globally in crypto adoption. This shows strong interest in digital assets across the country.
The government is also working to create clear crypto rules. The Ministry of Finance, the State Bank of Pakistan, and the Securities and Exchange Commission are leading this effort. They want to ensure safety, transparency, and growth in the sector.
Pakistan’s steps towards using Bitcoin show its commitment to modern finance. These efforts could help the country become a leader in blockchain and crypto in the region.
Meanwhile, the market has shown strong global interest in the cryptocurrency. Recently, Bitcoin reached an all-time high amid a strong market surge, reflecting renewed investor confidence and growing demand.
