Pakistan has announced significant changes in its financial policy by appointing Michael Saylor to develop a national Bitcoin reserve strategy.
A Bold Pivot Toward Bitcoin
Pakistan has made a dramatic financial pivot by bringing in Michael Saylor to help design its national Bitcoin reserve strategy. This collaboration follows a meeting between Saylor, Finance Minister Muhammad Aurangzeb, and State Minister on Blockchain and Crypto Bilal Bin Saqib in Islamabad. Saylor emphasized Pakistan's potential, stating, 'When the market sees a leader in Bitcoin, they send their money to you. Pakistan has the clarity and commitment. I look forward to working with you.'
New Regulatory Bodies and Legal Framework
Only a year ago, Pakistan had a blanket ban on cryptocurrency trading and mining. However, since March 2025, the country has shifted its crypto policy. A new regulatory body, the Pakistan Digital Assets Authority, was formed to guide the national crypto strategy. Additionally, the Pakistan Crypto Council has drafted a legal framework for approval.
Investments in Mining and National Bitcoin Wallet Plan
Pakistan aims to allocate 2,000 megawatts of surplus electricity for Bitcoin mining and AI data centers. This strategy aims to utilize otherwise stranded energy and attract foreign investment into the tech sector. The country is also planning to create a national Bitcoin wallet and position itself as a Web3-ready emerging market.
With Michael Saylor's involvement, Pakistan is taking significant steps toward economic transformation. With a plan for a $5 billion Bitcoin reserve and new regulatory initiatives, the country is poised for a new phase in its financial development.
