Pak’s big Bitcoin push faces legal challenges
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New Delhi: Pakistan’s ambitious push into Bitcoin and digital finance is raising concerns among experts, as the country grapples with weak regulations, energy challenges, and a history of crypto-related fraud. While the government aims to use Bitcoin as a national savings mechanism and attract foreign investment, analysts warn that the plan may be premature and fraught with risks. In March 2025, the government established the Pakistan Crypto Council (PCC), led by Bilal Bin Saqib, the State Minister for Crypto & Blockchain, as per Financial Post report. Later, in May 2025, Pakistan announced the creation of its first government-led Strategic Bitcoin Reserve during the Bitcoin 2025 conference in Las Vegas.
Alongside the PCC, the Pakistan Digital Assets Authority (PDAA) was formed to draft regulations for cryptocurrencies, digital wallets, and blockchain systems.
These institutions aim to formalise and harness the power of digital assets, with plans to use Bitcoin as a national savings mechanism.
The announcement of a strategic Bitcoin reserve has caught global markets off guard, the report said.
However, questions arise about whether the government has acted prematurely, unveiling its plans before laying the necessary groundwork.
