The Pakistani Minister of State for Crypto and Blockchain, Bilal Bin Saqib, met during a visit to the White House with Robert “Bo” Hines, Executive Director Donald Trump's advice for digital assets.
The meeting focused on increasing the cooperation between Pakistan and the United States in the sector of digital assets. According to a report by 24Newshd TV, a big selection of topics reminiscent of Bitcoin (BTC), potential partnerships and the longer term of decentralized financing were handled within the discussions.
An necessary dialogue area was the newly announced strategic Bitcoin reserve in Pakistan. “It is my mission to position Pakistan as a frontrunner in digital assets worldwide,” said Saqib after the meeting.
“From the beginning of our strategic Bitcoin reserve to the event of the national infrastructure for crypto mining and KI data zones, Pakistan builds an actual framework for the introduction of digital assets and economic modernization,” added Saqib.
Hines, who was appointed by Trump originally of this yr, leads the US policy to digital assets and works alongside Council Chairman David Sacks. The Trump administration has signaled a robust interest in positioning the United States as a frontrunner on this room.
Robert “Bo” Hines, left, shaking hands with Bilal bin Saqib. Source: 24newshd
Saqib meets with a lawyer within the White House
In addition to the meeting of the White House, Saqib also met with officials from the White House office so as to discuss legal framework conditions across the blockchain governance.
Pakistan's wider crypto strategy includes plans to assign 2,000 megawatts more excess for Bitcoin -Mining and AI data zones. The aim is to convert the unused energy into digital productivity, create jobs and to expand the national infrastructure.
The country also develops a regulatory framework for digital assets. On May 21, the Pakistani Ministry of Finance approved the creation of a committed corporation to manage the blockchain -based financial infrastructure within the country.
The Pakistan Digital Assets Authority (PDAA) will function a regulatory authority to watch the licensing and regulation of stock exchanges, custodian banks, tokens, tokenized platforms, stable coins and decentralized financial applications.
IWF raises concerns about Pakistan's Bitcoin mining plans
On May 31, the International Monetary Fund (IMF) expressed concerns about Pakistan's decision to assign 2,000 megawatts of electricity for Bitcoin mining and AI calculus centers in the midst of ongoing negotiations related to the prolonged financial program of the country.
The tax authority raised the red flags over the move and urgently applied for the Ministry of Finance in relation to the legality of crypto mining and the assignments of power, especially if the nation has to struggle with chronic lack of energy and tax pressure.
