Bitcoin Diplomacy: Pakistan and El Salvador Forge Crypto Alliance
2025-07-17 13:18:46
Main Idea
Pakistan and El Salvador have formed a crypto alliance through a Memorandum of Understanding (MoU) to collaborate on Bitcoin adoption, inclusive finance, and policy development, leveraging El Salvador's experience as the first country to adopt Bitcoin as legal tender.
Key Points
1. Bilal Bin Saqib, CEO of the Pakistan Crypto Council, met with El Salvador’s President Nayib Bukele to discuss Bitcoin strategy and signed an MoU for cooperation.
2. El Salvador, a pioneer in Bitcoin adoption, will share its knowledge and policies with Pakistan to support its crypto-driven economic transformation.
3. Pakistan has allocated 2,000 megawatts of surplus electricity for Bitcoin mining and AI infrastructure as part of its digital transformation strategy.
4. Pakistan launched the Pakistan Digital Asset Authority to regulate its $25 billion crypto market, with 15-20 million Pakistanis reportedly holding digital assets.
5. El Salvador holds over 6,240 BTC (worth ~$745 million) and has mined additional BTC, maintaining a profitable Bitcoin reserve despite IMF-related acquisition pauses.
Description
Pakistan and El Salvador have formed their first official diplomatic partnership. The partnership is centered on Bitcoin adoption and blockchain collaboration. Both countries view Bitcoin as a vehicle for financial sovereignty. Pakistan and El Salvador have launched their first formal bilateral relationship, and they’re building it around Bitcoin, which recently hit its all-time high above $120,000. The unexpected alliance by both the countries displays growing defiance of international financia...
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