During a recent visit to Washington D.C., Pakistan’s Minister of State for Crypto and Blockchain, Bilal Bin Saqib, held talks at the White House with Robert “Bo” Hines, executive director of President Donald Trump’s Council on Digital Assets.
The meeting focused on strengthening U.S.-Pakistan collaboration in the digital asset ecosystem. Topics ranged from the growing role of Bitcoin and decentralized finance to potential bilateral tech partnerships, according to a report by 24NewsHD TV.
A central point of discussion was Pakistan’s newly unveiled Strategic Bitcoin Reserve. “My aim is to elevate Pakistan to a leadership role in the digital asset space,” Saqib stated after the meeting.
He emphasized Pakistan’s ambitions: “From launching a national Bitcoin reserve to repurposing our infrastructure for crypto mining and AI-driven data zones, we are creating a clear path toward digital transformation and economic reform.”
Bo Hines, appointed earlier this year by Trump, is steering U.S. efforts to shape global leadership in digital assets, alongside Council Chair David Sacks.
Additional Engagements at the White House
Saqib also met with legal officials at the White House Counsel’s Office to explore regulatory and governance issues around blockchain technologies.
Pakistan’s broader plan includes deploying 2,000 megawatts of surplus electricity for Bitcoin mining operations and AI data infrastructure — an effort aimed at converting idle energy into economic output while fostering job creation and tech growth.
The government is also pushing ahead with regulatory developments. On May 21, the Ministry of Finance approved the establishment of the Pakistan Digital Assets Authority (PDAA), which will supervise licensing and compliance for exchanges, wallets, DeFi platforms, and stablecoins.
IMF Voices Concern Over Crypto Energy Use
However, the strategy has drawn international scrutiny. On May 31, the International Monetary Fund (IMF) expressed serious reservations about Pakistan’s plan to dedicate large-scale power resources to crypto mining.
As part of its ongoing financial program review, the IMF asked Pakistan’s Finance Ministry for detailed explanations concerning the legality and economic implications of such power allocations — especially amid ongoing energy shortages and fiscal challenges.
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