Pakistan has officially announced the creation of a government-led Bitcoin Strategic Reserve, marking a major shift in its stance toward cryptocurrencies. The announcement was made on May 28 by Bilal Bin Saqib, head of Pakistan’s crypto council, during the Bitcoin 2025 conference in Las Vegas. He stated that the country took inspiration from the United States' recent crypto initiatives, calling the move a “historic day” for Pakistan.

This dramatic pivot contrasts sharply with Pakistan’s previous position that banned crypto entirely. Now, the nation is actively adopting pro-Bitcoin and blockchain-friendly policies. The strategic reserve is part of broader efforts to modernize the country’s financial infrastructure, attract investment, and position itself in the growing global digital asset space.

Pakistan’s pro-crypto momentum began in early 2025 with the formation of a National Crypto Council aimed at drafting a regulatory framework. Key proposals included allocating excess energy for Bitcoin mining and building a crypto treasury. In May, 2,000 megawatts of energy were officially directed toward mining and high-performance data centers.

To support its crypto ambitions, Pakistan appointed Binance co-founder Changpeng Zhao as an adviser to help shape blockchain regulations and infrastructure. Additionally, a letter of intent was signed with Trump’s World Liberty Financial to explore real-world asset tokenization and decentralized finance development.

In a decisive regulatory move, the Ministry of Finance has created the Digital Asset Authority to license and oversee crypto platforms operating in the country. This agency will be responsible for setting the rules for Pakistan’s digital economy, signaling the country’s serious long-term commitment to the crypto sector.