Pakistan makes a 'Bitcoin promise', thanks US for inspiration
Pakistan will create a national reserve of bitcoin,
Bilal bin Saqib
, CEO –
Pakistan Crypto Council
and Minister of Crypto and Blockchain announced on Wednesday, May 28. Speaking at the
Bitcoin 2025 Vegas conference
, Bilal said that the government will hold bitcoin in a national wallet and plans to 'never ever' sell them. The development comes a week after Pakistan's finance ministry unveiled plans to assign 2000 megawatts (MW) of electricity to power bitcoin mining and artificial intelligence data centers.
For those unaware, Pakistan Crypto Council is a government-backed regulatory body tasked with promoting blockchains and digital assets within the country.
Sharing a clip from the event, Pakistan Crypto Council wrote: 'Today, Pakistan rewrites history. At Bitcoin 2025 Vegas, Minister of Crypto and Blockchain @bilalbinsaqib announces that Pakistan will be setting up its Strategic Bitcoin Reserve.'
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by Taboola
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Pakistan takes inspiration from US
At the Bitcoin 2025 Vegas conference, Bilal– the chief advisor to the country's Finance Minister said ' Today, I announce that the Pakistani government is setting up their own government-led Bitcoin strategic reserve', adding further that 'this wallet, the
National Bitcoin wallet
is not for speculation or hype'.
'We will be holding these Bitcoins and will never sell them'.
Bilal further states: "We want to thank the U.S. because we are getting inspired from them".
Pakistan allocates 2,000 MW of electricity for bitcoin mining
As mentioned above, Pakistan has announced the allocation of 2,000 MW to power Bitcoin mining and artificial intelligence (AI) data centers. This initiative, led by the PCC and supported by the Ministry of Finance, aims to transform excess energy to create high-tech job opportunities and attract foreign investment.
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