{"id":102411,"date":"2025-05-30T10:58:00","date_gmt":"2025-05-30T05:58:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=102411"},"modified":"2025-05-29T19:08:12","modified_gmt":"2025-05-29T14:08:12","slug":"pak-launches-state-owned-bitcoin-wallet","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pak-launches-state-owned-bitcoin-wallet.html","title":{"rendered":"Pak enters digital frontier with state-owned Bitcoin wallet"},"content":{"rendered":"\n<p>Las Vegas: In a landmark move that signals Pakistan\u2019s entry into the global digital economy, Special Assistant to the Prime Minister (SAPM) on Blockchain and Crypto Bilal Bin Saqib unveiled the country\u2019s first state-backed Bitcoin reserve and digital wallet at the Bitcoin Vegas 2025 summit.<\/p>\n\n\n\n<p>The announcement was made before an elite international audience, including U.S. Vice President JD Vance, Eric Trump, and Donald Trump Jr. The statement released by the Office of the SAPM on Blockchain and Crypto described the moment as not just a policy shift but a strategic rebranding of Pakistan.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/govt-allocates-2000mw-for-bitcoin-mining.html\" target=\"_blank\" rel=\"noreferrer noopener\">Govt allocates 2,000MW for Bitcoin mining, AI Data Centers<\/a><\/p>\n\n\n\n<p>\u201cI\u2019m not just here as a minister,\u201d Bilal said during his keynote address. \u201cI\u2019m here as the voice of a generation \u2014 a generation that is online, on-chain, and unstoppable.\u201d<\/p>\n\n\n\n<p>The newly launched national Bitcoin wallet will hold digital assets already in state custody \u2014 not for speculation, but as a sovereign reserve. According to Bilal, this signals Pakistan\u2019s long-term commitment to decentralised finance and digital innovation.<\/p>\n\n\n\n<p>Pakistan, which is home to over 40 million crypto wallets and one of the world\u2019s largest freelance economies, has also allocated 2,000 megawatts (MW) of surplus electricity for Bitcoin mining and artificial intelligence (AI) data centres in the first phase of its initiative.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/digital-wallets-to-power-all-relief-payments-pm.html\" target=\"_blank\" rel=\"noreferrer noopener\">Digital wallets to power all relief payments next year: PM<\/a><\/p>\n\n\n\n<p>\u201cThis is just the beginning,\u201d Bilal said, referring to Pakistan\u2019s over 100 million unbanked citizens. \u201cWe want them to break economic barriers, and I believe crypto can help us make that quantum leap.\u201d<\/p>\n\n\n\n<p>The government\u2019s efforts include the recent creation of the Pakistan Digital Assets Authority (PDAA), a new body established under the Ministry of Finance to regulate blockchain-based financial infrastructure in the country.<\/p>\n\n\n\n<p>\u201cBoth Pakistan and Bitcoin have suffered from bad PR,\u201d Bilal noted. \u201cBut if you look past the headlines, you\u2019ll see talent, resilience, and vision.\u201d<\/p>\n\n\n\n<p>Calling on the global tech and crypto communities, he added: \u201cCome build wallets for the unbanked. Come tokenise land. Come scale your mission with our youth and our unstoppable grit.\u201d<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/sbp-grants-emi-license-new-digital-wallet-service.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP grants EMI license to new \u2018digital wallet\u2019 service<\/a><\/p>\n\n\n\n<p>Bilal also expressed gratitude to former U.S. President Donald Trump for his support of crypto adoption and efforts to maintain peace in the South Asian region. This strategic step places Pakistan among the first few countries to hold Bitcoin as a sovereign asset and formally embrace blockchain as part of its digital economic policy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Las Vegas: In a landmark move that signals Pakistan\u2019s entry into the global digital economy, Special Assistant to the Prime Minister (SAPM) on Blockchain and Crypto Bilal Bin Saqib unveiled the country\u2019s first state-backed Bitcoin reserve and digital wallet at the Bitcoin Vegas 2025 summit. The announcement was made before an elite international audience, including U.S. Vice President JD Vance, Eric Trump, and Donald Trump Jr. The statement released by the Office of the SAPM on Blockchain and Crypto described the moment as not just a policy shift but a strategic rebranding of Pakistan. Read: Govt allocates 2,000MW for Bitcoin mining, AI Data Centers \u201cI\u2019m not just here as a minister,\u201d Bilal said during his keynote address. \u201cI\u2019m here as the voice of a generation \u2014 a generation that is online, on-chain, and unstoppable.\u201d The newly launched national Bitcoin wallet will hold digital assets already in state custody \u2014 not for speculation, but as a sovereign reserve. According to Bilal, this signals Pakistan\u2019s long-term commitment to decentralised finance and digital innovation. Pakistan, which is home to over 40 million crypto wallets and one of the world\u2019s largest freelance economies, has also allocated 2,000 megawatts (MW) of surplus electricity for Bitcoin&hellip;<\/p>\n","protected":false},"author":18,"featured_media":102412,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[65023,65028,65025,65030,65031,65026,65029,65024,64936,65027,65032,65033],"persona":[],"class_list":{"0":"post-102411","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-bilal-bin-saqib","9":"tag-bitcoin-mining","10":"tag-bitcoin-vegas-2025","11":"tag-blockchain-in-pakistan","12":"tag-crypto-adoption","13":"tag-digital-assets","14":"tag-national-bitcoin-reserve","15":"tag-pakistan-bitcoin-wallet","16":"tag-pakistan-crypto-council","17":"tag-pakistan-freelance-economy","18":"tag-pdaa","19":"tag-sapm-blockchain","20":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pak launches state-owned Bitcoin wallet - Zameen News<\/title>\n<meta name=\"description\" content=\"Pakistan, which is home to over 40 million crypto wallets and one of the world\u2019s largest freelance economies, has also allocated...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/pak-launches-state-owned-bitcoin-wallet.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pak launches state-owned Bitcoin wallet - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Pakistan, which is home to over 40 million crypto wallets and one of the world\u2019s largest freelance economies, has also allocated...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pak-launches-state-owned-bitcoin-wallet.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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