Pakistan Reveals Bitcoin Reserve Plan to Trump's Crypto Team
Pakistan’s crypto minister, Bilal Bin Saqib, held a meeting with Robert “Bo” Hines, the executive director of the U.S. President’s Council on Digital Assets, to discuss enhancing cooperation in the digital assets sector. The meeting, which took place at the White House, was centered on Pakistan's initiative to establish a Strategic Bitcoin Reserve and develop infrastructure for crypto mining and AI data zones. Saqib expressed his aim to position Pakistan as a leader in digital assets, emphasizing ongoing efforts to create a regulatory framework governing blockchain and cryptocurrency activities through the Pakistan Digital Assets Authority (PDAA). Additionally, discussions included the allocation of electricity for Bitcoin mining, amid scrutiny from the International Monetary Fund regarding legality and concerns about the nation’s energy shortages and fiscal pressures. This move reflects Pakistan’s strategy to harness unused energy for economic productivity and job creation while modernizing national infrastructure.
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