Pakistan is establishing ‘Strategic Bitcoin Reserve,' says PM's aide on crypto
Minister of State for Crypto, Blockchain and CEO of the Pakistan Crypto Council Bilal Bin Saqib. PHOTO: BILAL SAQIB WEBSITE
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Prime Minister's Special Assistant on Crypto and Blockchain and CEO of the Pakistan Crypto Council, Bilal bin Saqib, said on Thursday that Pakistan is making important strides in the crypto domain in which India is lacking traction.
Bilal further stated that Pakistan is not only experimenting with cryptocurrency but has entered the field with full commitment. With the government's support, a 'Strategic Bitcoin Reserve' is being established, he added.
What makes the situation even more interesting is that Pakistan created its reserve just three months after the United States announced a similar initiative, Bilal said. In contrast, India is still merely making promises about discussions on crypto.
Read more: Pakistan, US explore ways for digital asset innovation
Bilal added that India has been talking about releasing a 'Crypto Policy Paper' for several years, and its latest promise is for June 2025. 'That date is approaching with each passing day, but in reality, it never seems to arrive,' he said, describing the situation as resembling 'a form of satirical poetry.'
Bilal said that Pakistan, once considered a laggard in the tech world, is now dreaming of leading the innovation journey. 'The country is undergoing a process of rebirth and is now ready to establish a new identity on the global stage,' he added.
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