Pakistan Introduces Government-Backed Bitcoin Reserve and National Wallet

Pakistan Introduces Government-Backed Bitcoin Reserve and National Wallet

 

In a groundbreaking step toward digital finance, Pakistan has officially launched its first state-backed Bitcoin reserve, reinforcing its commitment to blockchain technology. The announcement was made by Bilal Bin Saqib, Special Assistant to the Prime Minister on Blockchain and Crypto, at the Bitcoin Vegas 2025 event.

As part of this initiative, Pakistan has also introduced a national Bitcoin wallet to securely store the country's digital assets. Additionally, the government has allocated 2,000 megawatts of surplus electricity for Bitcoin mining and AI-powered data centers—a move aimed at boosting economic growth and optimizing energy use.

This ambitious venture reflects Pakistan’s determination to become a prominent player in the global crypto market. One of its core objectives is to extend financial services to over 100 million unbanked citizens, leveraging blockchain technology to drive inclusion and accessibility.

To oversee and regulate this new financial ecosystem, Pakistan is establishing the Pakistan Digital Assets Authority (PDAA), which will guide blockchain-based transactions and ensure compliance in the sector.

With this initiative, Pakistan is embracing the digital future, harnessing cutting-edge technology to unlock new economic opportunities and expand financial access

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