Bilal Bin Saqib, the newly appointed Chief Advisor to the Finance Minister for the Pakistan Crypto Council, has emphasized Pakistan’s growing influence in the global cryptocurrency landscape. He highlighted that Pakistan ranks among the top 10 countries in crypto adoption, reinforcing its potential as a key player in the evolving digital economy.
Pakistan’s Crypto Strategy: A Roadmap for Growth
In a statement shared on X (formerly Twitter), Saqib outlined the Pakistan Crypto Council’s priorities, which include:
- Recognizing cryptocurrency as a strategic asset
- Developing a comprehensive and forward-thinking regulatory framework
- Ensuring compliance and security to position Pakistan as a leader in digital finance
Saqib’s comments come amid significant global developments in the crypto space.
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U.S. Moves Toward a Strategic Bitcoin Reserve
In a landmark move, U.S. President Donald Trump has signed an executive order to establish a Strategic Bitcoin Reserve using seized cryptocurrency assets. The initiative aims to strengthen the U.S. government’s holdings in digital assets, setting a precedent for other nations to follow.
According to David Sacks, the White House’s crypto czar, the reserve will be funded by Bitcoin confiscated through criminal and civil asset forfeiture cases.
A Turning Point for Global Crypto Adoption
Reacting to the U.S. decision, Saqib stated that this move would:
- Legitimize Bitcoin and other cryptocurrencies as a store of value
- Encourage greater institutional adoption worldwide
- Lay the foundation for the digital financial revolution
- Inspire other governments to integrate crypto into their financial systems
With countries like the U.S. taking proactive steps toward integrating cryptocurrency into national financial strategies, Pakistan’s stance on crypto regulation will be crucial in shaping its digital economy and financial future.
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