Pakistan’s crypto minister, Bilal Bin Saqib, recently met with Robert “Bo” Hines from Donald Trump’s Council on Digital Assets to discuss collaboration in the realm of digital assets. The discussions centered on potential partnerships, Bitcoin infrastructure plans, and the future of decentralized finance. Saqib expressed his ambition to position Pakistan as a leader in digital assets, highlighting initiatives like the Strategic Bitcoin Reserve and plans for crypto mining and AI data zones aimed at economic modernization and job creation. Additionally, the Pakistan Digital Assets Authority (PDAA) is being established to regulate various aspects of digital assets, including custodians and decentralized finance applications. However, the International Monetary Fund (IMF) has raised concerns regarding Pakistan's plans for Bitcoin mining, particularly around the allocation of electricity amid the country's ongoing energy challenges. This meeting represents a significant step in Pakistan's efforts to engage with the U.S. in shaping regulatory frameworks for blockchain technology and addressing operational concerns related to digital currencies.

Source 🔗