Pakistan, Saylor Advance Bitcoin as Reserve Asset
Pakistan, Saylor Advance Bitcoin as Reserve Asset

Pakistan, Saylor Advance Bitcoin as Reserve Asset

News summary

Pakistan is intensifying efforts to adopt digital assets, with top officials including Finance Minister Muhammad Aurangzeb and Minister of State for Blockchain and Crypto Bilal Bin Saqib meeting Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), to discuss integrating Bitcoin as a sovereign reserve asset. Saylor, whose company holds the largest corporate Bitcoin reserves, praised Pakistan's commitment and offered advisory support for national crypto policymaking. The meeting comes after Pakistan launched the Pakistan Crypto Council (PCC) and introduced a national crypto policy to attract global investment and align with international standards. Officials aim for Pakistan to lead the Global South in digital asset regulation and innovation. Saylor emphasized Bitcoin’s potential for economic resilience and argued that countries like Pakistan could leapfrog legacy financial systems. The collaboration is seen as a milestone in positioning Pakistan as a Web3-ready emerging market.

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