Pakistan is taking a big step toward embracing cryptocurrency as a key part of its financial future. Bilal Bin Saqib, the newly appointed Chief Advisor to the Finance Minister for the Pakistan Crypto Council, recently stated that making crypto a “strategic asset” is a top priority. This announcement highlights Pakistan’s strong global position in crypto adoption, ranking among the top 10 countries worldwide.
A New Era for Crypto in Pakistan
Bilal Bin Saqib shared on social media platform X that Pakistan is looking to build a strong regulatory framework for cryptocurrencies. The goal is to ensure compliance while making Pakistan a leader in the global digital economy. He emphasized that this step would help the country keep up with global financial advancements.
Global Influence: The U.S. Takes the Lead
Pakistan’s crypto move comes right after a major decision by the United States. U.S. President Donald Trump recently signed an executive order to establish a “Strategic Bitcoin Reserve.” This reserve will be backed by bitcoin already owned by the U.S. government, mostly obtained from criminal and civil asset forfeiture cases. Billionaire David Sacks, the White House crypto czar, explained that this initiative aims to strengthen the U.S. position in the digital financial space.
A Step Towards Legitimizing Crypto
According to Bilal Bin Saqib, the U.S. decision is a game-changer for the crypto world. It adds legitimacy to cryptocurrency as a reliable store of value and boosts institutional adoption. Moreover, it sets a precedent for other countries, including Pakistan, to follow in integrating crypto into their financial systems.
The Future of Crypto in Pakistan
Recognizing cryptocurrency as a strategic asset could transform Pakistan’s financial landscape. It could lead to new investment opportunities, improved digital transactions, and stronger economic stability. With global players already embracing crypto, Pakistan’s move could position it as a leader in the digital finance revolution.
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