“Pakistan will keep building in crypto”: Crypto Council Head

Bilal Bin Saqib, head of Pakistan's National Crypto Council and Finance Minister, recently stated that "Pakistan will keep building in crypto," signaling a major shift toward embracing the digital and Web3 economy after years of neglect.

He emphasized plans to convert Pakistan's excess electricity, currently a liability, into "digital gold" by launching sustainable Bitcoin mining operations.

The term "building" in crypto refers to developing projects, apps, smart contracts, and protocols within the Web3 space, indicating Pakistan's intent to foster innovation and entrepreneurship in this sector.

Bilal highlighted that the formation of the National Crypto Council reflects the government's readiness to embrace the digital era and create a regulatory framework that supports innovation without stifling it.

The council aims to establish rules and policies to responsibly grow Pakistan's crypto industry, tapping into the potential of the youth and the global Pakistani diaspora.

Additionally, initiatives like launching blockchain infrastructure at universities and engaging developers are planned to boost local crypto development.

Bilal also holds a strategic advisory role with Donald Trump's World Liberty Financial, which further underscores Pakistan's increasing involvement in the global crypto ecosystem.

Pakistan is positioning itself to leverage its resources and talent to become a significant player in the cryptocurrency and blockchain space.

It's me, @justmythoughts, an ordinary Hive user looking to make the most of the platform. I will appreciate your support. Follow me for more. Thanks, Gracias :)