3 days ago
Meet Bilal bin Saqib, who is given responsibility to make Pakistan 'king' of bitcoin, his net worth is Rs ..
Meet Bilal bin Saqib, who is given responsibility to make Pakistan 'king' of bitcoin, his net worth is Rs ..
Pakistan took a big step last week and created their first government 'Strategic Bitcoin Reserve'. This means that Pakistan is now looking at Bitcoin cryptocurrency as an asset. Their aim is to attract investments from around the world. They want to show that they are serious about digital assets.
The announcement came when Prime Minister Shahbaz Sharif appointed 34-year-old Bilal Bin Saqib as his special assistant. Bilal Bin Saqib is the CEO of Pakistan Crypto Council (PCC) and has been given the status of a Minister of State. This means that the government is giving him a lot of importance in matters of crypto.
What does Bilal do?
Bilal bin Saqib is the co-founder of an organization named Tayaba. This organization works to solve the water problem in Pakistan. According to Forbes, their famous product is the 'H2O Wheel'. This is a wheel with which people can easily carry up to 40 liters of water. This helps women and children in rural areas a lot in fetching water. Tayaba has distributed more than 5500 wheels in Pakistan.
He is the founder of 'Web3 Pakistan'. It is Pakistan's first and largest blockchain community. He has helped organize major blockchain events such as ETHBarcelona. He has also given speeches at the World Economic Forum and NFT NYC.
Studied from London
Bilal Bin Saqib has a degree in innovation and entrepreneurship from the London School of Economics. He is also on the advisory board of Queen Mary University of London. Before joining blockchain in 2017, he worked as an international strategy consultant for 10 years. He mostly helped UK companies expand into Asia and Africa.
Featured in Forbes 30 Under 30
In the year 2023, Bilal was awarded the MBE (Member of the Order of the British Empire) by King Charles. He received this honor for doing relief work through the 'One Million Meals' initiative during COVID-19 in the UK. He has also been included in the Forbes 30 Under 30 list. This list is of those youth who have done good work in the society.
What will be Bilal's work?
Bilal Bin Saqib has been given many responsibilities. He has to create a framework for digital assets as per FATF rules. FATF is an organization that looks after whether money is being misused or not.
He has to start national bitcoin mining projects. Bitcoin mining means creating bitcoins . He has to incorporate blockchain technology in finance, land records and government work. He also has to license Virtual Asset Service Providers (VASPs). VASPs are companies that provide services related to crypto. He also has to promote the Web3 ecosystem. Web3 is a new form of internet in which blockchain technology is used.
What is the net worth?
Bilal, born in July 1990, has a good amount of wealth. Although not much is known about his wealth, according to media reports, his net worth is said to be $2.42 million (about Rs 20.68 crore). He is also the CEO of UK's best digital marketing agency BBS & Co.
