Pakistan Appoints Crypto Expert Bilal Bin Saqib to Drive Blockchain Regulation

The Pakistani government has appointed Bilal Bin Saqib as the Special Assistant to the Prime Minister on Blockchain and Crypto, marking a significant step towards integrating blockchain and cryptocurrency into its regulatory framework. This newly created role highlights the government's commitment to establishing a robust regulatory environment for the emerging digital asset sector. Bin Saqib, who is also the CEO of the Pakistan Crypto Council and a chief advisor to the finance minister, brings a wealth of experience and expertise to this position. His appointment is expected to accelerate the development of crypto regulations and the launch of related initiatives within the country.

Bin Saqib's background includes a graduate degree from the London School of Economics and recognition as a Forbes 30 Under 30 honoree. His extensive experience in the financial sector and his role as the CEO of the Pakistan Crypto Council make him a valuable asset in guiding the government's approach to blockchain and cryptocurrency. The appointment of Bin Saqib as a strategic advisor to World Liberty Financial further solidifies his influence in the global crypto community. This move is anticipated to strengthen Pakistan's position in the digital asset landscape and foster collaboration with international stakeholders.

The Pakistani government's proactive stance on blockchain and cryptocurrency is evident in its recent initiatives. The appointment of Bin Saqib aligns with the government's broader strategy to create a conducive environment for the emerging industry. This includes laying the regulatory groundwork and appointing key advisors to guide policy development. The government's decision to allocate 2,000 MW of surplus electricity to Bitcoin mining and AI centers further demonstrates its commitment to leveraging blockchain technology for economic growth and innovation. This initiative, driven by the Pakistan Crypto Council, aims to generate revenue, create high-tech jobs, and attract foreign investment.

Bin Saqib's appointment as the Special Assistant to the Prime Minister on Blockchain and Crypto is a strategic move that positions Pakistan at the forefront of the global digital asset revolution. His expertise and experience will be instrumental in drafting comprehensive crypto regulations and launching initiatives that promote the adoption of blockchain technology. This development is expected to have a positive impact on Pakistan's economy, fostering innovation and attracting investment in the digital asset sector. The government's efforts to position itself as a crypto-friendly economy are part of a broader plan to support mining and AI data centers, which could potentially generate significant revenue and create high-tech jobs.