F.P. Report
ISLAMABAD: Minister of State for Crypto and Blockchain Bilal bin Saqib’s predictions about the global crypto market, made back in 2018, have come true as Pakistan has jumped on the bandwagon by creating its first-ever Bitcoin Strategic Reserve.
The move marks Pakistan’s formal entry into the global crypto strategy, which experts say could turn the tables for the country’s economy in the years to come.
A key milestone in this journey is the establishment of the Pakistan Virtual Assets Regulatory Authority, a step hailed as a game-changer for the country’s digital finance sector.
Bilal bin Saqib, widely seen as the driving force behind Pakistan’s crypto diplomacy, said Pakistan is like “a hidden treasure whose true strength will unfold in the future.”
He added that crypto diplomacy has helped Pakistan step up from being a mere receiver to being recognized as a builder on the world stage.
According to the Financial Times, Pakistan’s crypto strategy is gathering steam globally and fast gaining recognition
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