In a groundbreaking move within the global financial and tech landscape, Pakistan has officially entered the Bitcoin era.

According to a report published on Thursday (May 29) by The Express Tribune, Pakistan's Minister for Crypto and Blockchain Affairs, Bilal Bin Saqib, announced the country’s first government-backed strategic Bitcoin reserve during the Bitcoin Vegas 2025 conference in Las Vegas. This development marks a significant shift in Pakistan’s digital and financial vision.

In the presence of prominent global figures such as U.S. Vice President JD Vance, Eric Trump, and Donald Trump Jr., Bilal presented Pakistan as a forward-looking digital hub, driven by a tech-savvy younger generation and advancing toward decentralized finance.

“I’m here not just as a minister, but as the voice of a generation — a generation that is online, on the blockchain, and unstoppable,” said Bilal.

Serving also as the CEO of the Pakistan Crypto Council, Bilal emphasized that the reserve will not be used for speculation or trading. Instead, it will function as a sovereign asset, symbolizing the country’s long-term commitment to blockchain-based finance. Assets are already stored in a national Bitcoin wallet under state custody.

In February 2025, Pakistan established its National Crypto Council, tasked with developing a regulatory framework and attracting foreign investment in the crypto sector. In April, Binance co-founder Changpeng Zhao was appointed as an advisor to the council.

Subsequently, on April 27, the Trump-backed decentralized finance protocol World Liberty Financial (WLFi) signed a memorandum of understanding (MoU) with Pakistan to support real-world asset tokenization and the development of DeFi infrastructure.

Additionally, Pakistan’s Ministry of Finance has recently directed the creation of a “Digital Asset Authority” to oversee licensing and regulation of crypto platforms.