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A Bold Declaration on the Global Stage


On May 28, 2025, Bilal Bin Saqib, CEO of the Pakistan Crypto Council and newly appointed Special Assistant to Prime Minister Shehbaz Sharif on Blockchain and Cryptocurrency, unveiled plans for Pakistan's first government-led Strategic Bitcoin Reserve at the Bitcoin 2025 Vegas conference.

Saqib emphasized the country's inspiration from the United States, stating, "We want to thank the US because we are getting inspired by them." He further announced that Pakistan would allocate 2,000 megawatts of electricity to support Bitcoin mining and artificial intelligence data centers, signaling a significant commitment to the digital economy.

Regulatory Bodies Reaffirm Crypto Prohibition
Despite the high-profile announcement, Pakistan's financial authorities have reiterated their longstanding prohibition on cryptocurrency activities. Finance Secretary Imdadullah Bosal clarified that, under current regulations, cryptocurrency transactions remain illegal in Pakistan.

He stated, There will be a legal framework only when the government formally takes a decision, but the current legal status is that crypto is not a legal tender in Pakistan.
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Balajal_ivip
· 06-03 08:17
Strategy plans to issue 2.5 million preferred shares to purchase Bitcoin (BTC), expanding its cryptocurrency holdings. This strategic move aims to leverage growing demand for Bitcoin and potentially generate significant returns
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