ZoneBitcoin EditorialOn May 28, 2025, at the Bitcoin 2025 conference in Las Vegas, Pakistan announced an ambitious initiative: the establishment of a strategic reserve of bitcoins and the allocation of 2 megawatts of electricity for bitcoin mining and artificial intelligence data centers. This decision marks a major turning point in the country's digital policy, aimed at integrating digital assets into its economy.
A bold digital strategy
Bilal Bin Saqib, Minister of State for Blockchain and Cryptocurrencies, said the initiative is inspired by efforts by the United States (and Donald Trump) to establish a strategic reserve of bitcoins. He emphasized that the bitcoins held by the Pakistani government will not be sold but will be kept as a long-term strategic asset.
Meanwhile, the government has allocated 2 megawatts of electricity to support bitcoin mining and AI data centers. This allocation aims to use Pakistan's excess energy to spur technological innovation and attract foreign investment.
Reactions and concerns
However, this initiative has raised concerns, particularly from the International Monetary Fund (IMF), who expressed concerns about the use of electricity for bitcoin mining, especially amid energy shortages and budget pressures.
Additionally, internal contradictions have emerged, with some Pakistani authorities claiming that cryptocurrencies remain banned in the country, raising questions Questions on the consistency of government policy on cryptocurrencies, as noted by The Times of India.
Future Outlook
Despite the challenges, Pakistan seems determined to pursue its digital strategy. The government has implemented the Pakistan Crypto Council to oversee the development of digital assets and attract investment into the sector.
This initiative could position Pakistan as an emerging player in the global digital economy, provided it overcomes current regulatory and energy hurdles.
It's worth remembering that neighboring India is among the countries with the highest adoption of cryptocurrencies in the world. Moreover, there has recently been a sustained citizen mobilization calling for a change in the country's tax system.
