According to a statement issued on Sunday, Pakistani officials had a “landmark discussion” this week about leveraging digital currencies to bolster Pakistan’s digital economy and financial resiliency with bitcoin advocate and billionaire US business executive Michael Saylor.
In an effort to attract foreign investment, Pakistan established the Pakistan Crypto Council (PCC) in March to develop a legal framework for cryptocurrency trading. Pakistan unveiled its first-ever policy framework in April to establish guidelines for the conduct of digital currency, including cryptocurrencies, and the businesses that deal in them within the country. The policy was developed in accordance with the global Financial Action Task Force’s (FATF) principles for financial integrity and compliance.
At the Bitcoin 2025 conference in Las Vegas last month, the government approved the establishment of the Pakistan Virtual Assets Regulatory Authority (PVARA), a specialized regulatory body to monitor financial infrastructure based on blockchain technology. At the same time, the government unveiled the nation’s first government-led strategic bitcoin reserve.
The usage of bitcoin as part of sovereign reserves and monetary policy was the main topic of discussion between Saylor and Pakistan’s Finance Minister Muhammad Aurangzeb and Minister of State for Crypto and Blockchain Bilal Bin Saqib this week.
The PCC chairman, Finance Minister Aurangzeb, was quoted in a statement issued by Saqib’s office as saying, “Pakistan would like to lead the Global South in the development and usage of digital assets, setting the standard for innovation, regulation, and inclusive growth in the digital economy.”
“Pakistan is home to many talented individuals. Additionally, it has the dedication and transparency that companies around the world require. According to the release, Saylor stated during the conference that “Bitcoin is the strongest asset for long-term national resilience,” and that early adoption of blockchain financing might be advantageous for developing nations like Pakistan.
Saylor also allegedly appreciated the chance to counsel and support ongoing advancements in the nation pertaining to digital assets and commended Pakistan’s attempts to adopt a “forward-looking, innovation-friendly stance” in the global digital economy.
The largest corporate bitcoin holder in the world is said to be Saylor’s business, Strategy, previously MicroStrategy, which as of June 2025 supposedly had over 582,000 BTC worth over $62 billion. Since embracing bitcoin as a primary asset in 2020, the company’s market valuation has increased from $1.2 billion to over $105 billion.
