Pakistan State Minister for Crypto and Blockchain, Bilal Bin Saqib, met with Robert “Bo” Hines, US President Donald Trump’s Council on Digital Assets, during a visit to the White House.
The meeting focused on strengthening cooperation between Pakistan and the United States in the Digital Assets space. Discussions cover a wide range of topics, including Bitcoin (Btc), potential partnerships and the future of decentralized finances, According to In a 24newshd TV report.
A major area of dialogue is before Pakistan announced strategic bitcoin reserve. “This is my mission to position Pakistan as a global leader in digital ownership,” Saqib said after the meeting.
“From the launch of our strategic Bitcoin Reserve to unlocking national infrastructure for crypto mining and AI data data, Pakistan is building a real framework for digital asset adoption and economic modernization,” Saqib added.
Hines, Trump assigned earlier this yearLeading US policy on digital assets and working next to the council’s seat David Sacks. The Trump administration has signed a strong interest in positioning the United States as a global leader in this space.
Related: Pakistan nominated a special PM assistant at Blockchain and Crypto
Saqib meets with the White House advice
Despite the White House meeting, Saqib also met with officials from the White House Counsel office to discuss the legal outlines surrounding the blockchain management.
Pakistan’s broader crypto approach includes plans to Allocate 2,000 megawatts of excess power Towards Bitcoin Mining and AI data zones. The goal is to change unused energy in digital productivity, create jobs and expand national infrastructure.
The country also develops a regulation framework for digital assets. On May 21, the Ministry of Finance of Pakistan promotes the creation of a dedicated body To adjust the financial blockchain infrastructure in the country.
Pakistan Digital Assets Authority (PDAA) will serve as a regulatory body to guard license and regulate exchangeCustodians, wallets, tokenized platforms, stablecoins and decentralized finance applications.
Related: Pakistan creates digital asset authority to fix crypto
IMF raises concerns over Pakistan’s Bitcoin mining plans
On May 31, the International Monetary Fund (IMF) Raised concerns with Pakistan’s decision To allocate 2,000 megawatts of electricity for Bitcoin mining and AI data centers amid continuous negotiations tied to the country’s expanded financial program.
The financial agency has raised red flags about the move, demanding urgent clarification from the financial ministry about the legality of crypto mining and the allocation of power, especially as the country fights chronic energy deficiency and fiscal pressures.
Magazine: Dangers to us are ‘front run’ in Bitcoin Reserve by other countries: Samson Mow
