Pakistan aims to lead in digital assets race

Pakistan aims to lead in digital assets race

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ISLAMABAD:

Pakistan’s Minister of State for Crypto and Blockchain Bilal Bin Saqib met with top US officials and lawmakers this week in Washington DC to strengthen cooperation in digital assets, blockchain regulation and financial innovation.

The minister held discussions with Senator Cynthia Lummis, a key architect of US crypto legislation, along with Senators Bill Hagerty, Rick Scott, Tim Sheehy and Jim Justice, all known advocates for blockchain innovation.

He also engaged in deliberations with members of the House Financial Services Committee and White House advisers, according to a news release issued on Friday.

“Pakistan is not waiting to catch up; we are here to lead,” Bilal remarked. “From Capitol Hill to the White House, I shared a new face of Pakistan: one driven by youth, innovation and global partnerships.”

The talks focused on Pakistan’s recent initiatives, including plans for the Strategic Bitcoin Reserve, a virtual asset regulatory framework and stablecoin adoption to streamline remittances.

With $36 billion in annual remittances and a booming freelance sector, Pakistan aims to become a hub for responsible digital finance.

“We came to learn, listen and contribute,” Bilal added. “Our goal is to adopt the best global ideas for Pakistan’s unique needs.”

The crypto minister’s visit signals Pakistan’s push to shape the digital economy alongside major players, leveraging its young population and tech potential.

In a meeting with US President Donald Trump’s Council of Advisers on Digital Assets Executive Director Robert Bo Hines at the White House earlier this week, the state minister discussed the strategic alignment of digital assets, bitcoin integration and the future of decentralised infrastructure.

Both sides expressed shared interest in fostering collaboration between the US and Pakistan on digital asset innovation, regulatory coherence and emerging financial technologies.

They also deliberated on ways to support innovation ecosystems that empower youth and accelerate economic inclusion through blockchain. Bo Hines leads policy development on digital asset innovation, regulation and emerging financial technologies.

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