Pakistan Prime Minister Shehbaz Sharif has appointed Pakistan Crypto Council CEO Bilal Bin Saqib as his special assistant to Blockchain and Crypto.
Saqib’s appointment will take effect According to In a May 26 report in the local English language, Pakistan Observer.
The step follows a series of government initiatives aimed at strengthening the existence of Pakistan in the digital asset space. Just one day before, Pakistan allocated 2,000 megawatts of excess electricity Exclusively for mining bitcoin and artificial intelligence Centers.
In mid -May, Pakistan’s Ministry of Finance is also endorsed Creating a dedicated body to adjust the blockchain -based financial infrastructure. The Pakistan Digital Assets Authority (PDAA) will serve as a regulatory body to guard licensing, adjust the exchangesCustodians, wallets, tokenized platforms, stablecoins and decentralized finance applications.
Related: Pakistan eye crypto legal plot to boost foreign investment
Saqib named Special Blockchain Assistant
Saqib was a graduate of the London School of Economics in the United Kingdom and received the title of a member of the British Empire’s best order from King Charles III. She is currently leading the Pakistan Crypto Council, where she Designated former Binance CEO Changpeng “CZ” Zhao As a counselor. He was also named on Forbes 30 under 30 lists.
As a special assistant to the Prime Minister, Saqib is a role in drafting the Financial Action Task Force (FATF) -COMPLIANT CRYPTO regulation, State -supported Bitcoin launch (State -supported (Btc) Mining projects, and administration of blockchain integration with management, land and financial records. He will not receive salaries, perks or privileges, according to Pakistan Observer.
Related: Pakistan moves to adjust cryptocurrency, CBDCs as legal soft
Pakistan who invests in crypto
Pakistan dives into the head in the crypto industry. In late April, Donald Trump supported in World Liberty Financial has signed a letter intentions at Pakistan Crypto Council To speed up the adoption of crypto in the country, one of the fastest growing industry markets.
Pakistan regulators recently suggested a regulatory framework for digital possessions That is focused on compliance and in accordance with the rules laid out by the FATF. Pakistan’s Federal Investigation Agency (FIA) Director Sumera Azam described the plot as a “paradigma shift in how Pakistan views digital finances.” “The policy proposal aims to strike a historical balance between technology advances and imperial security security,” Azam said in April.
Magazine: Ai Cures Blindness, ‘Good’ Propaganda Bots, Openai Doomsday Bunker: Ai Eye
