Trump’s digital asset team met with Pakistan’s crypto minister to discuss Bitcoin-powered infrastructure plans and promote cross-border crypto collaboration.
During a visit to the White House, Robert “Bo” Hines, executive director of US President Donald Trump’s Council on Digital Assets, met with Bilal Bin Saqib, Pakistan’s minister of state for blockchain and cryptocurrency.
The goal of the meeting was to increase US-Pakistan collaboration in the area of digital assets. The future of decentralized banking, possible collaborations, and Bitcoin BTC$105,712 were among the many subjects discussed, according to a report by 24NewsHD TV.
Pakistan’s recently declared Strategic Bitcoin Reserve was one of the main discussion topics. Following the meeting, Saqib declared, “It is my mission to position the country as a global leader in digital assets.”
“Pakistan is creating a genuine framework for the adoption of digital assets and economic modernization, from establishing our Strategic Bitcoin Reserve to opening national infrastructure for crypto mining and AI data zones,” Saqib continued.
Hines, who was chosen by Trump earlier this year, collaborates with Council Chair David Sacks to oversee US policy regarding digital assets. The Trump administration has clarified that it is keen to establish America as a world leader in this area.
Saqib meets with White House legal representatives.
Saqib met with representatives from the White House Counsel’s Office and the White House to talk about the legal frameworks for blockchain governance.
Pakistan intends to set aside 2,000 megawatts of excess electricity for AI data zones and Bitcoin mining as part of its larger crypto strategy. The objective is to increase national infrastructure, generate jobs, and convert waste energy into digital productivity.
Additionally, the nation is creating a framework for digital asset regulations. The Ministry of Finance approved the establishment of a specialized organization to oversee blockchain-based financial infrastructure in Pakistan on May 21.
To supervise and regulate exchanges, custodians, wallets, tokenized platforms, stablecoins, and decentralized financial applications, the Pakistan Digital Assets Authority (PDAA) would act as a regulatory agency.
The IMF expresses worries about Pakistan’s ambitions to mine Bitcoin.
On May 31, the International Monetary Fund (IMF) expressed alarm about Pakistan’s decision to allocate 2,000 megawatts of electricity for Bitcoin mining and AI data centers amid ongoing negotiations related to the nation’s extended financial program.
The financial agency expressed concerns over the action and asked the Finance Ministry to provide immediate clarification on the legality of cryptocurrency mining and power distributions, especially given the country’s ongoing energy shortages and financial strains.
