Pakistani officials had discussions this week with the American billionaire and Bitcoin Defender Michael Saylor on the potential use of digital currencies to strengthen financial resilience in Pakistan and the digital economy, according to a statement published on Sunday.
The talks took place between Saylor and the Minister of Finance Muhammad Aurangzeb, alongside the Minister of State for the crypto and the Bilal Bin Saqib blockchain. The meeting would have focused on the possible inclusion of bitcoin in the sovereign reserves of Pakistan and its role in the future monetary policy. Discussions arise as Pakistan intensifies its efforts to regulate digital assets.
“Pakistan aspires to lead the world South in the development and adoption of digital assets, establishing a reference for innovation, regulation and inclusive growth,” said Aurangzeb, which also presides over the PCC.
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Saylor, one of Bitcoin’s most eminent business investors, praised Pakistan’s initiative and praised what he called “clarity and commitment” in the country to promote a prospective digital economy. “Bitcoin is the strongest asset for long-term national resilience,” he said, the press release said.
He added that emerging markets such as Pakistan are to benefit from an early adoption of finances based on blockchain. Saylor has also expressed its desire to provide advisory support while Pakistan is advancing with its digital asset program.
The Saylor company, Strategy (formerly Microstrategy), is the largest holder of the Bitcoin company in the world, with more than 582,000 BTC worth more than $ 62 billion. The market capitalization of the company has increased considerably since the adoption of Bitcoin as a treasury ratio in 2020.
Also read: Pakistan launches the first Bitcoin strategic reserve supported by the government
Officials have indicated that new consultations with world stakeholders are planned while Pakistan continues to develop a complete digital financial ecosystem under the supervision of newly trained regulatory organizations.
In March, the government formed Pakistan Crypto Council (PCC) to formulate a legal framework for the cryptocurrency trade and attract foreign investments. A month later, he introduced the country’s first policy for virtual assets, aligning it with the global standards for the fight against money laundering and financial transparency established by the Financial Action Task Force (FATF).
In May, the Federal Cabinet approved the creation of Pakistan Virtual Assets Regulatory Authority (PVARA) – a specialized organization to regulate the blockchain -based infrastructures. Above the same time, Pakistan also announced the creation of its first Bitcoin strategic reserve supported by the government, unveiled at the Bitcoin 2025 conference in Las Vegas.
