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MARKETS DAILY: Crypto Update | Pakistan Joins Crypto Race With Bitcoin Strategy
Mar 26, 2025
Bilal Bin Saqib, Chief Adviser to Pakistan’s Finance Minister and CEO of the Pakistan Crypto Council, dives into Pakistan's ambitious crypto strategy. He highlights how the country's young, digitally savvy population and surplus energy can position it as a Bitcoin mining hub. The discussion explores innovative partnerships aimed at enhancing financial inclusion and boosting remittance efficiency through blockchain technology. Bilal also examines global influences shaping Pakistan's approach to cryptocurrency, opening doors to a vibrant Web3 future.
18:39
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Quick takeaways
- Pakistan's shift towards cryptocurrency innovation aims to leverage its youthful population and surplus energy to attract Bitcoin miners.
- The establishment of the Pakistan Crypto Council reflects a collaborative approach to blockchain technology, fostering development and investment in the digital asset sector.
Deep dives
Embracing Technological Innovation in Pakistan
Pakistan has begun to shift towards a more favorable stance on cryptocurrency, recognizing the importance of innovation despite previous hesitations. This change stems from the realization that a significant amount of crypto activity was happening without any centralized direction or representation. The establishment of the Pakistan Crypto Council aims to unify various stakeholders in the digital asset space, reflecting the high engagement levels of the country's youthful population, which largely contributes to the global freelance market. The council seeks to channel this momentum to enhance the blockchain ecosystem and facilitate development in the digital asset sector.
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