Pakistan has confirmed the establishment of its first sovereign Bitcoin wallet, signaling a dramatic reversal in its national stance on cryptocurrency. National Crypto Council head Bilal Bin Saqib announced at the Bitcoin 2025 conference in Las Vegas on May 28.
According to Saqib, the wallet is made to keep your Bitcoin safely as a sovereign reserve asset. He clarified that any of the holdings are not allowed to be sold or traded. This demonstrates that the policy approach has shifted because before, the government had rejected cryptocurrency as a valid form of finance.
After the announcement, Pakistan joined a growing list of countries that use Bitcoin in their reserves. This signals the Pakistani government’s wider plans to upgrade digital financial systems and attract foreign investment from the blockchain world.
Massive Energy Allocation to Support Bitcoin Mining and AI
Pakistan also plans to use its surplus electricity to help Bitcoin mining and AI data centers after the country launches its new wallet. The purpose is to give blockchain and technology operations greater stability when it comes to energy. The government wants to bring in foreign businesses from both the energy and digital finance sectors.
It is the National Crypto Council, which was established in February 2025, that monitors these developments. The main goals for the industry are to draft regulations, increase internet availability, and raise foreign investment in cryptocurrency. Mr. Saqib said Pakistan is also keeping a closer look at U.S. digital asset rules such as the Digital Fort Knox initiative started by President Trump.
With this progress in mind, the Pakistan Digital Assets Authority (PDAA) was created recently. The PDAA regulates blockchain infrastructure, digital currencies, and tokenized financial offerings. In May, a crypto policy framework that describes essential rules for meeting the FATF’s global compliance standards was officially released.
By presenting a sovereign Bitcoin wallet, Pakistan has made a big move in its policies. Thanks to its dedication to energy and strict rules, the country is now joining the global crypto market.
