The Special Assistant to the Prime Minister on Crypto and Blockchain Bilal Bin Saqib met Errol Musk, father of Elon Musk, in New York this week during his visit to promote Pakistan’s digital asset agenda.
Saqib posted a photo of the meeting on platform X, where Musk was quoted as saying, “The market has finally picked up. Let’s not ruin it.”
Saqib is making an effort to push Pakistan’s image as a player in blockchain and financial innovation. Earlier in the week, he met over a dozen US lawmakers and officials in Washington to present Pakistan’s crypto roadmap, including the launch of a Strategic Bitcoin Reserve, use of stablecoins for remittances, and efforts to draft a virtual asset regulatory framework.
The Finance Ministry last week confirmed the allocation of 2,000 megawatts of electricity for Bitcoin mining and AI data centres. This initiative, led by the Pakistan Crypto Council is aimed at using surplus power, creating tech jobs, and attracting foreign investment.
Future phases include partnerships with global firms, fintech hubs, and renewable energy-based digital infrastructure.
It bears mentioning that Pakistan’s crypto policy is in an early stage, and any future progress must begin with a legal and regulatory framework.
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