The newly appointed Chief Advisor to the Finance Minister for the Pakistan Crypto Council, Bilal Bin Saqib, Friday said that Pakistan Crypto Council recognizes Pakistan’s strong position as one of the top 10 nations globally in crypto adoption.
“Moving forward, it will be our priority to recognize crypto as a strategic asset, develop comprehensive and forward-thinking regulatory frameworks, and ensure compliance to position Pakistan as a leader in the digital financial revolution,” Saqib said in a post on social media platform X.
His comments came after US President Donald Trump signed an executive order to establish a strategic reserve of cryptocurrencies by using tokens already owned by the government.
A “Strategic Bitcoin Reserve” will be capitalized with bitcoin owned by the federal government that was seized as part of criminal or civil asset forfeiture proceedings, the White House crypto czar, billionaire David Sacks, said in a post on X.
Commenting the development, Saqib said that for the world, this decision brings greater legitimacy to crypto as a store of value, accelerates institutional adoption, and strengthens the foundation of the digital economy. It also sets a precedent for other nations to follow, reshaping the future of global finance.