LAS VEGAS: Bilal Bin Saqib, Special Assistant to the Prime Minister on Blockchain and Crypto and CEO of the Pakistan Crypto Council (PCC), revealed a groundbreaking development, Pakistan is establishing its inaugural state-supported Bitcoin strategic reserve.
Addressing a distinguished audience that included U.S. Vice President JD Vance and members of the Trump family, Bin Saqib expressed gratitude to former President Donald Trump for his efforts in fostering cryptocurrency adoption and promoting peace amid ongoing tensions between India and Pakistan. He highlighted Pakistan’s vibrant crypto ecosystem, which boasts around 40 million digital wallets, positioning the country as one of the most active freelance economies globally.
A key component of this initiative is the launch of a National Bitcoin Wallet designed to hold digital assets already managed by the state. In the early phase, the government has earmarked 2,000 megawatts of excess electricity specifically for Bitcoin mining operations and AI data centers, aiming to attract independent miners, technology firms, and international blockchain enterprises.
Furthermore, Pakistan announced the establishment of a new regulatory body, the Digital Assets Authority, tasked with overseeing the blockchain-based financial infrastructure to ensure secure and efficient use of digital assets in the country.
Bilal Bin Saqib was recently appointed as Special Assistant to the Prime Minister for Crypto and Blockchain, with the status of a minister of state. He has been on a tour of the United States seeking investment in Pakistan’s crypto markets.Addressing the Bitcoin Vegas, he said “Pakistan is no longer defined by its past. It is being reborn as a forward-looking hub of digital innovation — powered by its youth, sharpened by necessity, and led by a new generation of tech statesmen.”
Saqib added “I’m not just here as a minister. I’m here as the voice of a generation, a generation that is online, on-chain, and unstoppable.” A statement issued by Saqib’s office said that he was leading the creation of the Pakistan Digital Assets Authority (PDAA) a regulatory body designed to empower builders, protect investors, and formalise digital finance frameworks for the future.“Both Pakistan and bitcoin have suffered from bad PR,” Saqib declared. “But if you look past the headlines, you’ll see something else: talent, resilience, and vision.”
He called on global crypto builders to come and invest in Pakistan. “If you’re building something real come build it in Pakistan. Come build wallets for the unbanked. Come tokenise land. Come scale your mission with our youth and our unstoppable grit.”During his keynote, Saqib delivered a “blueprint for the future of emerging markets in Web3 that positions Pakistan as a tech-forward, youth-powered, and opportunity-rich nation ready to lead,” the statement concluded.
On February 25, the government had announced it was considering establishing a National Crypto Council to adopt emerging digital currencies in line with global trends. In March, it had appointed Saqib as the chief adviser to the finance minister on the PCC and later made him the Council’s CEO.
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