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Crypto Minister Meets US Digital Assets Director, Discusses Pakistan's Future

  • Pakistan’s Minister of State for Crypto, Bilal Bin Saqib, met with U.S. Digital assets director Bo Hines this week at the White House to discuss Bitcoin and blockchain cooperation.
  • The meeting took place shortly after Pakistan announced its intention to create a Sovereign Bitcoin Reserve and dedicate 2,000 megawatts of power to support Bitcoin mining operations and AI data centers.
  • Discussions emphasized building blockchain innovation ecosystems to empower youth, expand financial access, and foster regulatory alignment between the two countries.
  • Pakistan plans to use 2,000 megawatts—enough to power a small city—for crypto mining and AI, while the IMF warned this could worsen energy shortages and fiscal challenges.
  • The collaboration signals Pakistan’s intent to formalize its shadow crypto economy and position itself as a regional digital asset leader, though potential IMF tensions remain over energy use and policy coherence.
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Arab News broke the news in Riyadh, Saudi Arabia on Wednesday, June 4, 2025.
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