Just two years after vowing to ban crypto, Pakistan now claims it’s building a Bitcoin reserve. Bilal Bin Saqib, the Crypto Council head, made the announcement in Las Vegas, thanking the US for the idea—but offered no details on funding or safeguards.
“A historic day,” Saqib declared, though critics note Pakistan’s weak regulatory framework and history of financial instability. The February 2025 proposal for a National Crypto Council remains vague, leaving investors wary.
Is this a genuine economic shift or a desperate bid for foreign capital? The lack of transparency suggests the latter.
