MicroStrategy Executive Chairman Michael Saylor has reportedly advised Pakistani officials on establishing Bitcoin as a national reserve asset. This consultation reflects Pakistan’s accelerating efforts towards cryptocurrency adoption and regulatory development.
Saylor engaged in discussions with Pakistan’s Finance Minister and Minister of State for IT & Telecom, focusing on integrating Bitcoin into the nation’s reserve holdings. The talks centered on strategic approaches similar to MicroStrategy’s own significant Bitcoin treasury.
As part of its crypto push, Pakistan is actively forming a dedicated cryptocurrency management agency. The government is also exploring the feasibility of creating a national Bitcoin reserve.
This initiative follows the recent submission of a draft cryptocurrency legal framework by the Pakistan Cryptocurrency Committee. The draft aims to expedite the establishment of a formal regulatory structure for digital assets within the country.
Pakistan’s broader ambition is to position itself as a leader in digital asset regulation and adoption among Global South nations. The government views embracing blockchain technology and cryptocurrencies as key drivers for fostering financial inclusion and stimulating innovation.