Crypto Council Head Highlights Potential for Foreign Investment, Sustainable Bitcoin Mining
Key Takeaways:
i) Pakistan is focusing on cryptocurrency to attract foreign investment and revitalize its economy.
ii) The nation plans to convert excess electricity into “digital gold” through sustainable Bitcoin mining.
iii) The Pakistan Crypto Council is developing a regulatory framework to support the growth of the crypto industry.
Islamabad, Pakistan – April 19, 2025 – Pakistan is making a significant push into the cryptocurrency and Web3 space, aiming to leverage digital assets to attract foreign investment and boost its struggling economy. Bilal Bin Saqib, head of the Pakistan Crypto Council, recently stated that Pakistan intends to “keep building in crypto,” emphasizing the importance of cryptocurrencies for the nation’s financial future.
In a recent video, Saqib highlighted Pakistan’s plan to convert its excess electricity, currently a liability, into “digital gold” by launching sustainable Bitcoin mining operations. He noted that the establishment of the Pakistan Crypto Council on March 14, 2025, signals the government’s commitment to embracing the digital era and creating a supportive regulatory environment.
With an estimated 15 to 20 million Pakistanis already holding crypto assets, the government recognizes the need for clear regulations to support the growing industry.
The Pakistan Crypto Council is working to develop a comprehensive framework for digital assets, focusing on regulatory compliance, consumer protection, and innovation. Saqib aims to create an environment that encourages investment and involves the Pakistani diaspora in the country’s digital transformation.
Pakistan’s move to legalize cryptocurrency is driven by the potential to attract foreign investment and position itself as a key player in the global digital finance space. With an estimated 15 to 20 million Pakistanis already holding crypto assets, the government recognizes the need for clear regulations to support the growing industry.
The country is exploring the use of its surplus electricity to power Bitcoin mining operations and AI data centers. This initiative aims to address the issue of inefficient power usage and tap into the potential of digital industries. Pakistan’s low operational costs could make it a competitive alternative to established crypto hubs.
Pakistan’s strategy includes engaging with international crypto and blockchain organizations to adopt best practices and attract foreign investment. The government is also working on developing regulatory sandboxes to provide a controlled environment for crypto startups.
