Editor's PiCK
Pakistan Pushes for Bitcoin Reserves... "Following the US Precedent"
Summary
- Pakistan announced it is pushing for strategic Bitcoin reserves following the precedent set by the US.
- The Chairman of the Pakistan Cryptocurrency Committee declared that the reserved Bitcoin will never be sold.
- This change in Pakistan's stance reflects the trend of countries adopting crypto-friendly policies.
Pakistan is pushing to reserve Bitcoin (BTC).
According to Cointelegraph on the 28th (local time), Bilal Bin Saqib, Chairman of the Pakistan Cryptocurrency Committee, attended the 'Bitcoin 2025' conference held in Las Vegas, USA, and stated, "We are pushing for strategic Bitcoin reserves following the US precedent," and "The reserved Bitcoin will never be sold." Chairman Saqib also serves as the Special Advisor on Blockchain and Cryptocurrency to Pakistan's Prime Minister Shehbaz Sharif.
Initially, Pakistan had a negative stance on virtual assets. Previously, the Pakistan Ministry of Finance stated in 2023 that "virtual assets can never be legalized."
Pakistan's shift in stance is largely influenced by the second Trump administration. US President Donald Trump signed an executive order for strategic Bitcoin reserves in March this year. Cointelegraph stated, "Pakistan's change in stance reflects the trend of countries adopting crypto-friendly policies."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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