Pakistan is positioning Bitcoin and digital assets as the foundation of a new financial infrastructure, according to Bilal Bin Saqib, chairman of Pakistan’s Virtual Asset Regulatory Authority. Speaking at the Bitcoin MENA Conference, Saqib emphasized the need for Pakistan to move beyond traditional economic models, highlighting digital assets as a key component of this transformation. He noted that with 70% of the population under 30, Pakistan has the potential to build a robust, regulated crypto ecosystem.
The country has been rapidly advancing in crypto adoption, ranking third in Chainalysis' 2025 Global Crypto Adoption Index. In a bid to attract foreign investment and create high-tech jobs, Pakistan has allocated 2,000 megawatts of surplus electricity for Bitcoin mining and AI data centers. Additionally, the government is inviting global crypto companies to apply for licenses under its new regulatory framework, aiming to transform its large unregulated crypto market into a compliant, investment-ready ecosystem.
Pakistan Eyes Bitcoin as Backbone of New Financial System
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
