Pakistan to Establish a Bitcoin Strategic Reserve, Allocate 2000 Megawatts of Energy for Crypto Mining

Pakistan’s bitcoin reserve plan aims to turn energy surplus into tech investment

The strategy to diversify the economy and hedge against currency volatility carries high risks, but the rewards could be great, analysts say.

Pakistan unveils crypto reserve plan seen as ploy to woo Trump

ISLAMABAD -- Pakistan has unveiled a plan to establish a national crypto reserve, making the country an early adopter of digital currencies as a natio

Govt working on crypto framework aligned with FATF policies, says PM’s aide

ISLAMABAD: Special Assistant to the Prime Minister on Blockchain and Crypto Bilal Bin Saqib on Sunday stated that the government was formulating a digital currency regulatory framework aligned with...

Crypto currencies use is illegal, NA panel told

The federal government and the central bank reiterated on Thursday that the use of crypto currencies was illegal and anyone dealing in these currencies was liable to be investigated by the Financial Monitoring Unit (FMU) and the Federal Investigation Agency (FIA). The statements were made by Federal Finance Secretary Imdad Ullah Bosal and State Bank of Pakistan (SBP) Executive Director Sohail Jawad during a meeting of the National Assembly Stand…

The many ironies in Pakistan launching a Strategic Bitcoin Reserve

Across major Pakistani cities, citizens endure crippling electricity outages, yet the government has allocated 2,000 MW of surplus electricity for bitcoin mining and artificial intelligence (AI) data centres. Alongside this, there are issues related to FATF, too

Opinion | Why Pakistan's New 'Crypto' Obsession Could Turn Dangerous

By embracing digital currency without resolving its foundational vulnerabilities in both its energy infrastructure and financial governance, Pakistan may not be catalysing a revolution, but rather courting a crisis.