Pakistan’s crypto minister, Bilal Bin Saqib, introduced on Could 28 that the nation is establishing a Bitcoin strategic 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 informed the viewers:
“Right now is a really historic day. Right now, 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 had 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 never be legal 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 underneath the President Donald Trump administration.
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