Pakistan has unveiled its first government-led Strategic Bitcoin Reserve, marking a significant step in its digital finance initiatives.
Key Highlights:
- National Bitcoin Wallet: A state-controlled wallet has been established to hold digital assets already in state custody, serving as a sovereign reserve to signal long-term confidence in decentralized finance.
- Energy Allocation for Mining: The government has allocated 2,000 megawatts of surplus electricity in the first phase to power bitcoin mining and AI data centers. This move aims to monetize surplus electricity, create high-tech jobs, attract foreign direct investment, and generate revenue for the government.
- Pakistan Digital Assets Authority (PDAA): A new regulatory body is being formed to empower builders, protect investors, and formalize digital finance frameworks.
- Global Outreach: Bilal Bin Saqib, CEO of the Pakistan Crypto Council and Special Assistant to the Prime Minister for Crypto and Blockchain, announced these initiatives during a keynote address at the Bitcoin Vegas 2025 conference in Las Vegas, highlighting Pakistan’s commitment to becoming a hub for digital innovation.
These developments position Pakistan as a forward-looking nation in the realm of digital finance, leveraging its youth and technological potential to lead in the Web3 space.