Pakistan is set to make significant strides in cryptocurrency and blockchain, with plans underway to create national Bitcoin reserves amid the rising global prominence of digital assets.

The move has drawn international attention, with New York–based Cointelegraph Magazine describing Pakistan’s initiative as a significant milestone that could advance financial stability and technological development across the country.

According to Minister of State and CEO of the Pakistan Crypto Council, Bilal Bin Saqib, Bitcoin holdings within Pakistan will be incorporated into national reserves and leveraged to generate revenue through decentralized finance (DeFi).

He explained that DeFi protocols will allow Pakistan to conduct lending and financial transactions without relying on the conventional banking system.

The Ministry of Finance, State Bank of Pakistan, and Securities and Exchange Commission of Pakistan (SECP) are collaborating to build a robust and secure regulatory framework that will make the use of digital assets safer, more efficient, and more transparent.

As part of efforts to accelerate the initiative, Bilal Bin Saqib recently met with renowned crypto investor and MicroStrategy founder Michael Saylor, extending an offer for Saylor to serve as an advisor to Pakistan’s strategic Bitcoin reserve project.

Reports highlight that in 2024 Pakistan ranked ninth globally for cryptocurrency adoption, underscoring the country’s rapid progress in this space.

Officials believe the effort will not only elevate Pakistan’s status as a leader in digital finance but also attract global crypto investment and contribute to strengthening the national economy.