Pakistan is beginning to actively integrate cryptocurrency and blockchain technologies into its economic system under the leadership of chief advisor Bilal Bin Saqib.
Shift in Cryptocurrency Policy
The appointment of Bilal Bin Saqib as Chief Advisor to the Finance Minister of Pakistan marks a shift in the country’s cryptocurrency policy. The focus is on integrating blockchain technologies, which requires regulatory adjustments and economic strategies to support digital assets.
Bitcoin Mining and Digital Infrastructure
Pakistan has initiated plans to utilize surplus electricity for Bitcoin mining and AI data centers. This initiative aligns with national goals to enhance digital infrastructure and monetize excess energy, highlighting an innovative approach to resource management.
Blockchain Technologies Future
Bilal Bin Saqib emphasized that Pakistan is among the top ten countries in cryptocurrency adoption despite lacking clear regulations. "To unlock the country’s digital potential, we advocate for regulatory sandboxes and upskilling youth in blockchain and AI to drive job creation and boost exports," he stated.
Pakistan's transition to actively embracing cryptocurrency may lead to significant economic and regulatory changes, fostering local economic development and technological advancements.
