Pakistan Unveils Strategic Bitcoin Reserve in Landmark White House Meeting with Trump’s Crypto Council

Pakistan Unveils Strategic Bitcoin Reserve in Landmark White House Meeting with Trump’s Crypto Council

In a historic diplomatic and technological development, Pakistan’s Minister of State for Crypto and Blockchain, Bilal Bin Saqib, met with the United States digital asset leadership at the White House to outline a bold new vision for cross-border collaboration in the blockchain and cryptocurrency space.

Saqib met with Robert “Bo” Hines, Executive Director of President Donald Trump’s Council on Digital Assets, to present Pakistan’s newly launched Strategic Bitcoin Reserve and explore opportunities for bilateral cooperation in the emerging digital economy.

Pakistan’s Strategic Push into Bitcoin and Digital Infrastructure

During the high-level meeting, Minister Saqib unveiled Pakistan’s ambitious plan to modernize its economy through Bitcoin adoption, AI-driven infrastructure, and a national crypto strategy. “It is my mission to position Pakistan as a global leader in digital assets,” Saqib said after the meeting.

Key initiatives presented include:

• Strategic Bitcoin Reserve: A government-backed holding aimed at boosting financial sovereignty and diversifying reserves.

• Crypto Mining Zones: Allocation of 2,000 megawatts of surplus power to power Bitcoin mining operations and AI data centers.

• Digital Productivity Initiatives: Transforming underutilized national resources into next-generation economic output.

• Regulatory Overhaul: Establishing a clear framework to oversee crypto exchanges, tokenized platforms, wallets, and DeFi protocols.

Saqib emphasized that these moves are designed not only to foster innovation but also to attract global investment, generate employment, and accelerate Pakistan’s integration into the global digital economy.

White House Engagement and Legal Dialogue

The dialogue extended beyond policy planning. Saqib also held discussions with the White House Counsel’s Office to review legal frameworks for blockchain governance, regulatory harmonization, and international compliance.

Robert “Bo” Hines, left, shaking hands with Bilal bin Saqib. Source: X

Bo Hines, appointed earlier this year to lead the U.S. digital asset agenda under Trump, expressed interest in supporting Pakistan’s initiatives. As a key figure in the administration’s blockchain policy alongside Council Chair David Sacks, Hines has been vocal about making the U.S. a dominant force in digital assets—a vision that aligns with Pakistan’s aspirations for regional leadership.

Pakistan’s Regulatory Momentum

On the domestic front, Pakistan’s Ministry of Finance recently endorsed the creation of the Pakistan Digital Assets Authority (PDAA). This newly proposed body will be tasked with:

• Licensing and regulating digital asset platforms.

• Overseeing custodians, stablecoins, and decentralized finance applications.

• Ensuring consumer protection and international compliance standards.

This move signals Pakistan’s readiness to formalize and scale its crypto ecosystem within a robust legal framework.

IMF Raises Concerns Over Bitcoin Mining Strategy

However, not all responses have been positive. On May 31, the International Monetary Fund (IMF) raised red flags over Pakistan’s decision to allocate 2,000 megawatts of power for Bitcoin mining and AI zones, particularly as the country continues to grapple with widespread energy shortages and economic challenges.

The IMF requested urgent clarification from the Ministry of Finance regarding the legality of large-scale crypto mining and questioned the viability of diverting national energy resources toward such ventures amid ongoing negotiations tied to Pakistan’s financial assistance program.

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The Road Ahead

Despite concerns, Pakistan appears undeterred in its mission to build a cutting-edge digital asset economy. Minister Saqib’s visit to Washington signals a turning point for the country’s international blockchain diplomacy, laying the foundation for strategic cooperation between two emerging powerhouses in the digital finance space.

As Pakistan doubles down on its crypto and AI infrastructure strategy, the world will be watching closely—especially as digital assets become an increasingly central pillar in global economic competition.