Pakistan & Bitcoin. The meeting took place at the White House, between The Pakistani Minister of State for Cryptocurrency and BlockchainBilal Bin Saqib, and the Executive Director of Donald Trump’s digital assets council, Robert « BO » Hines. On the program, a discussion on cooperation between the two countries in the field of cryptocurrencies and more particularly on the new Bitcoin strategic reserve of Pakistan. Here are the details.
- A historic meeting took place at the White House between the Pakistani minister for cryptocurrency and a representative of the Donald Trump’s digital assets.
- Pakistan has announced its desire to become a world leader in digital assets by creating a Bitcoin strategic reserve and developing an infrastructure dedicated to mining and artificial intelligence.
100 % crypto meeting between Pakistan and the USA
The news has been reported by the Pakistani press and notably by the 24News site which said that the Minister of State Bilal bin saqibhad therefore met Robert « Bo » Hinesduring a visit to the White House.
The two men discussed the cooperation between UNITED STATES and the Pakistan In the field of cryptocurrencies and have addressed several subjects like Bitcoin, DEFI or even potential partnerships between the two countries. But what interests us today is another subject that has been put on the table, namely the creation of a Bitcoin Strategic Reserve by the country of South Asia.
Pakistan wants to become a world leader in Bitcoin and Cryptos
According to the Minister, the Pakistan would be in the process of building a regulatory framework to promote the adoption of cryptocurrencies and to modernize its economy. Here is what he said to the press:
“It is my mission to position Pakistan as a world leader in the field of digital assets. From the launch of our Bitcoin Strategic Reserve, to the unlocking of the national infrastructure for the mining of cryptocurrencies and for AI, Pakistan builds a real framework for the adoption of digital assets and for the economic modernization of the country. »»
Bilal Bin Saqib, Pakistani Minister of State for Cryptocurrency and Blockchain – Source: 24News
The minister also confirmed that the Pakistan was going to allocate 2,000 megawatts of electricity to themining industry and data centers for theartificial intelligence. Concretely, it is a question of transforming unused energy into digital productivity, to create jobs and to extend the national infrastructure.
Finally, he announced the creation of a regulatory called Pakistan Digital Authority Authority (PDAA). He will be responsible for supervising the granting of licenses and the regulation of exchanges, childcare services, wallets, tokens platforms, stablecoins and decentralized finance applications.
Pakistan therefore seems to be determined to take the train of digital assets and position itself as a major player in the sector. It should be noted in passing that the country has chosen to get closer to the United States and the White House to discuss its crypto strategy. And this confirms the good relations between the two countries, But above all the role of Washington leader in the field.