Announcement of Bitcoin Reserve
Bilal Bin Saqib, the leader of Pakistan’s cryptocurrency council, made a groundbreaking announcement on May 28 during the Bitcoin 2025 conference held in Las Vegas, Nevada. He revealed that Pakistan is set to create a state-backed Bitcoin reserve.
“Today marks a historic moment. We are inspired by the U.S. as we embark on establishing our own Bitcoin Strategic Reserve.”
– Bilal Bin Saqib
Shift in Policy
This shift in Pakistan’s policy illustrates a remarkable change from its earlier restrictive stance on cryptocurrencies, which had firmly opposed their legalization in the country.
Global Context
This development aligns with a significant global trend where various nations are moving towards more favorable regulatory environments for digital currencies, particularly influenced by the changes implemented during Donald Trump’s presidency in Washington, DC. Now, as Pakistan takes this step toward embracing pro-cryptocurrency regulations, it signifies an important evolution in its financial policy landscape.
