CMC News

Pakistan Unveils Strategic Bitcoin Reserve Plan During White House Meeting

Pakistan's crypto minister Bilal Bin Saqib has met with Trump's digital assets team to discuss cross-border cooperation.

The meeting with Robert "Bo" Hines, executive director of the Council on Digital Assets, focused on Pakistan's newly announced Strategic $BTC Reserve.

Pakistan plans to allocate 2,000 megawatts of surplus electricity toward Bitcoin mining and AI data zones.

The country aims to transform unused energy capacity into digital productivity while creating jobs and expanding infrastructure.

Saqib emphasized Pakistan's mission to become a global leader in digital assets through strategic #blockchain adoption.

The nation is developing comprehensive regulatory frameworks through the Pakistan Digital Assets Authority (PDAA).

The PDAA will oversee licensing for exchanges, custodians, wallets, and DeFi applications across the country.

However, the IMF has raised concerns about the power allocation amid Pakistan's ongoing energy shortages and fiscal pressures.

The initiative represents Pakistan's attempt to leverage digital assets for economic modernization and infrastructure development.