During his visit to the White House, Pakistan's Minister of State for Crypto and Blockchain Bilal Bin Saqib held talks with Robert "Bo" Hines, Executive Director of the U.S. Presidential Advisory Council on Digital Assets.
According to 24NewsHD TV, the discussions focused on strengthening strategic cooperation between Pakistan and the United States in the field of digital assets. The two sides delved into several topics, including the prospects for Bitcoin development, potential collaboration opportunities, and the future direction of decentralized finance.
One of the core topics of the talks was Pakistan's recently announced strategic Bitcoin reserve plan. Saqib stated to the media after the meeting, "My mission is to make Pakistan a global leader in the field of digital assets."
"From launching the strategic Bitcoin reserve to opening national infrastructure for crypto mining and artificial intelligence (AI) data zones, Pakistan is building a substantial framework to promote the application of digital assets and the modernization of the economy," Saqib further added.
Earlier this year, Hines, appointed by Trump, is now responsible for leading U.S. digital asset policy formulation and works closely with the committee chairman David Sacks. The Trump administration has made it clear that it intends to position the U.S. as a global leader in this field.
In addition to the main discussions at the White House, Saqib also met with officials from the White House Counsel's Office to engage in in-depth discussions on the legal framework related to blockchain governance.
Pakistan's macro crypto strategy includes plans to allocate 2,000 megawatts of surplus electricity for Bitcoin mining and AI data center construction. This move aims to convert underutilized energy into digital productivity, create job opportunities, and expand national infrastructure.
At the same time, the country is actively developing a regulatory framework for digital assets. On May 21, the Pakistani Ministry of Finance officially approved the establishment of a dedicated agency responsible for regulating the country's blockchain-based financial infrastructure.
The Pakistan Digital Asset Authority (PDAA) will serve as the authoritative regulatory body, fully responsible for overseeing the licensing and regulation of exchanges, custodians, digital wallets, tokenization platforms, stablecoins, and decentralized finance applications.
On May 31, the International Monetary Fund (IMF) questioned Pakistan's decision to allocate 2,000 megawatts of electricity for Bitcoin mining and AI data centers, occurring during negotiations for the extension of the country's financial program.
This international financial institution expressed serious concerns about the move, urging the Pakistani Ministry of Finance to urgently clarify the legal status of cryptocurrency mining and the details of electricity allocation, especially considering the country is facing long-term energy shortages and fiscal pressures.
Related: Bitcoin (BTC) miners sued in U.S. court over cryptographic patents
Original: “Pakistan Reveals Bitcoin (BTC) Reserve Plan to Trump’s Crypto Team”
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