Pakistan Eyes Bitcoin Mining Potential with Surplus Energy
His initiative aligns with the councils broader goal of positioning Pakistan as a global cryptocurrency hub by developing a regulatory framework to attract foreign investment, according to the information.
Government Shifts Stance on Cryptocurrency Regulation
The meeting brought together key figures, including lawmakers, the governor of the Bank of Pakistan, the chairman of the Securities and Exchange Commission of Pakistan (SECP), and the federal IT secretary. Senator Muhammad Aurangzeb highlighted the meetings significance, calling it the start of a transformative era for Pakistans economy. He emphasized the governments commitment to creating a transparent and investment-friendly digital financial ecosystem that would empower the countrys youth and establish Pakistan as a leader in emerging technologies.
This shift in stance marks a significant departure from the governments previous hardline position on cryptocurrencies. In May 2023, then-Minister of State for Finance and Revenue, Aisha Ghaus Pasha, declared that Pakistan would never legalize crypto, citing concerns over anti-money laundering regulations set by the Financial Action Task Force (FATF).
Pakistan Follows U.S. in Embracing Crypto Innovation
Pakistans evolving crypto policies mirror recent developments in the United States. On November 4, 2024, the Pakistani government took a major step by moving to regulate cryptocurrencies as legal tenderthe same day as the U.S. presidential elections. After securing re-election, President Donald Trump wasted no time in advancing pro-crypto policies.
Just days after his January 20, 2025, inauguration, Trump signed an executive order establishing the Working Group on Digital Assets, a federal advisory body tasked with overhauling digital asset regulations. Another executive order issued on January 23 explicitly banned the development of a central bank digital currency (CBDC).
Bitcoin Reserves and the Future of Digital Assets
By March 2025, the Trump administration had taken further steps, announcing the creation of a Bitcoin strategic reserve alongside a digital asset stockpile that is expected to include cryptocurrencies developed by U.S.-based firms.
As both Pakistan and the United States make strides toward crypto regulation and adoption, Pakistans decision to leverage its surplus energy for Bitcoin mining could mark a pivotal moment in its digital financial evolution.
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