Pakistan’s Bitcoin Bonanza: A Comedy of Crypto Errors! 😂💰

by

“This won’t be used for trading or hype,” Bin Saqib told attendees, probably while wearing a clown nose. “This is a permanent reserve. We’re not selling.” (Yeah, right! 😜)

Details about how much Bitcoin will be held—or how it will be acquired—are still under wraps. But the message is clear: Pakistan sees Bitcoin as a long-term strategic asset. Or maybe just a really shiny rock! 💎

Mining, Tokenization, and Blockchain Efficiency on the Agenda

Just days before the announcement, Prime Minister Shehbaz Sharif appointed Bin Saqib as his Special Assistant on Blockchain and Crypto. Because who doesn’t want a special assistant for their digital assets? It’s like having a personal trainer for your wallet! 🏋️‍♂️

The country also plans to allocate 2,000 megawatts of power to mine BTC and power AI data centers. That’s right, folks! They’re going to mine Bitcoin and power AI—because why not throw a robot into the mix? 🤖

“We’re building an ecosystem, not chasing trends,” Bin Saqib noted, probably while chasing a chicken in a tutu. 🐔

Pakistan Embraces Regulation, Looks to U.S. for Inspiration

The move comes as Pakistan strengthens its regulatory stance. In May, the Ministry of Finance launched the Pakistan Digital Assets Authority, a new agency to regulate crypto and oversee compliance. Because nothing says “fun” like a government agency! 🎉

International collaboration is also part of the plan. The Pakistan Crypto Council recently signed a letter of intent with World Liberty Financial, a Trump-aligned U.S. organization that promotes global blockchain adoption. Because if you’re going to take advice, why not take it from the guy with the best hair? 💇‍♂️

Bin Saqib credited recent U.S. moves for sparking Pakistan’s initiative. “We’re inspired by America,” he said. “President Trump’s executive order for a national Bitcoin reserve showed us what’s possible.” And if that doesn’t make you laugh, I don’t know what will! 😂

Read More

2025-05-29 09:43