The stunning development is that there is internal opposition to Pakistan’s ambitious aim to establish a national Bitcoin reserve. This reveals the complexity of the interaction between the nation and cryptocurrencies. Making news at the Bitcoin 2025 conference in Las Vegas is Bilal Bin Saqib. CEO of the Pakistan Crypto Council and Special Assistant to the Prime Minister on Blockchain and Crypto. Showing Pakistan as a forward-looking nation receptive to digital assets was the aim. However, the scheme collapsed rapidly when national officials reiterated once more that cryptocurrency was banned, and confusing and critical behavior resulted.
Grand Announcement Bilal Bin Saqib
May 28, 2025: Bilal Bin Saqib revealed Pakistan’s intention to create a national Bitcoin reserve. This was a significant shift in national opinion about digital currency. The reserve was to be kept in a wallet under government control; sales of the assets were not allowed. This revealed a long-term dedication to including Bitcoin in the national financial agenda. Furthermore, mentioned by the government were 2,000 megawatts of power allocated for artificial intelligence data centers and Bitcoin mining. Making money off of excess energy and attracting foreign capital is the aim.
The action was revealed in front of influential individuals such as Eric Trump and U.S. Vice President JD Vance, therefore highlighting the geopolitical relevance of this movement. Pakistan claimed to have US inspiration, particularly with regard to President Donald Trump’s support of cryptocurrency usage.
Rebuttal Right at Home
The idea was greeted with resistance right away by national authorities, despite global attention. Bitcoin Eyes Breakout, Quickly making it apparent that cryptocurrencies are still illegal in Pakistan and that there is no legal foundation for establishing a Bitcoin reserve, the State Bank of Pakistan and the Ministry of Finance All crypto-related activities are still forbidden under present Pakistani law. What the government says outside and what it does at home diverge significantly.
Many individuals have questioned why the government sees cryptocurrencies differently, which has led to a lot of uncertainty and criticism resulting from this lack of consistency. The fact that certain departments of the government do not cooperate raises questions regarding the credibility of the program.
Issues for the World
Concerned about Pakistan’s intention to mine Bitcoin using 2,000 megawatts of energy also is the International Monetary Fund (IMF). The IMF has asked whether it is wise to consume a lot of electricity to support bitcoin operations given the nation is currently struggling with energy shortages and its finances. The IMF has requested the Finance Ministry to promptly clarify if crypto mining is lawful and the distribution of the power. This is particularly crucial since the nation’s already struggling with limited funds and ongoing energy shortages.
Energy Crisis and Public Reactions
Given millions of people are impacted by regular power outages and expensive electricity bills, Pakistan’s energy sector is already under great strain. Giving 2,000 megawatts of electricity to Bitcoin mining bothers many, especially in rural areas where power is scarce. Critics argue that putting the electricity required for bitcoin operations ahead of fundamental public needs is putting the wrong things first and could aggravate social and economic issues.
Activities of the Pakistan Crypto Council
Established in March 2025, the Pakistan Crypto Council (PCC) is a government-backed initiative aimed at developing standards for blockchain technology and digital assets in Pakistan and thereby fostering them. Under Bilal Bin Saqib’s leadership, the PCC has been a trailblazer in advocating the usage of cryptocurrencies in national business. On the other hand, recent events have revealed how difficult it is for the council to make its aim fit with the present laws and regulations of the nation.
Bitcoin reserve ramifications for geopolitics
Many saw the Bitcoin reserve as an attempt to bring. Pakistan into line with US pro-cryptocurrency posture, particularly under Donald Trump’s presidency. By proving that it valued digital assets. Pakistan aimed to strengthen its ties with other nations and attract more global capital. However, internal conflicts and insufficient legal support have lessened the efficacy of these initiatives, which could damage the nation’s reputation overseas and cause investor less confidence in it.
The current state of affairs reveals how crucial it is for Pakistan to have a coherent and consistent approach toward cryptocurrencies. The nation must establish a clear set of rules, ensure that all of its government institutions cooperate, and solve issues of external entities like the IMF if it is to correctly include digital assets into its economy. Projects like the Pakistan Bitcoin reserve are probably going to continue bumping into issues and questions without these phases.
Summary
The attempt by Pakistan to establish a sovereign. IMF Flags Pakistan’s Bitcoin: highlights how difficult and convoluted national financial policies may be to apply to cryptocurrencies. The aim of the initiative was to lead the nation in the digital economy. However, issues inside the government and inadequate legal support have confused people and generated criticism. Pakistan must strike a balance between its objectives and the existing regulations. If it is to fully exploit the possibilities of digital resources going forward.
