Bilal Bin Saqib, head of Pakistan’s crypto council, introduced on Could 28 that the nation is shifting to ascertain a strategic Bitcoin reserve.
Talking on the Bitcoin 2025 convention in Las Vegas, Nevada, Saqib mentioned the federal government of Pakistan adopted the US’ lead in establishing a Bitcoin strategic reserve and is embracing pro-crypto regulatory insurance policies. The federal government official instructed the viewers:
“As we speak is a really historic day. As we speak, I announce the Pakistani authorities is organising its personal government-led Bitcoin Strategic Reserve, and we wish to thank the US of America once more as a result of we have been impressed by them.”
The announcement represents a major departure from the federal government of Pakistan’s earlier stance on cryptocurrencies, holding that crypto would by no means be authorized within the nation.
Pakistan’s shift displays the broader pattern of nation-states adopting pro-crypto insurance policies following the regulatory shift in Washington, DC below the President Donald Trump administration.
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