Pakistan has revealed its intention to create a state-run Bitcoin Strategic Reserve, as announced by Minister of State for Finance Bilal Bin Saqib during his speech at the bitcoin2025 conference in Las Vegas on Wednesday.
“Today I will announce that the Pakistani government is setting up its own government-led Bitcoin strategic reserve,” he said, addressing attendees at the event.
Bilal explained that Pakistan is looking to the U.S. as a model for adopting a more crypto-friendly regulatory framework. He introduced the idea of a national Bitcoin wallet, which will hold digital assets currently under government control.
This reserve is not meant for trading or speculation, but to serve as a long-term strategic holding, reflecting Pakistan’s belief in the future of decentralized finance.
He also expressed gratitude to former U.S. President Donald Trump, acknowledging his efforts in promoting peace between India and Pakistan and supporting cryptocurrency development.
“This wallet, the National Bitcoin wallet, is not for speculation or hype. We will be holding these Bitcoins and we will never ever sell them,” he added.
However, it’s worth noting that Bilal, who also leads the newly formed Pakistan Crypto Council, did not clarify how the government will create this reserve, especially since Pakistan’s central bank has yet to recognize Bitcoin as a legal currency.