Government Pushback Derails Pakistan’s Bitcoin Reserve Announcement
Pakistan sparked global attention by announcing plans for a national Bitcoin reserve at the Bitcoin Vegas 2025 Conference. Highlighting a new crypto wallet and plans to use surplus electricity for mining.
However, top government officials swiftly denied any policy shift, confirming that crypto remains illegal under current regulations. While the Pakistan Digital Assets Authority was recently formed to develop a legal framework for virtual assets, critics warn of crypto’s volatility and misuse of public resources. The conflicting messages reflect deep divisions within the government on how to approach digital finance.
Clever Robot News Desk 2nd June 2025
