From Cointelegraph

May 26, 2025 08:46:00 AM:

Pakistan Prime Minister Shehbaz Sharif appointed Bilal Bin Saqib, CEO of Pakistan Crypto Council, as his special assistant on blockchain and crypto. Saqib will serve without salary or official benefits and has the status of minister of state. Pakistan allocated 2,000 megawatts of electricity for Bitcoin mining and AI centers.

Pakistan’s Ministry of Finance approved the creation of the Pakistan Digital Assets Authority (PDAA) to regulate blockchain-based financial infrastructure. Saqib, a London School of Economics graduate, will draft FATF-compliant crypto regulations and oversee BTC mining projects and blockchain integration in governance, land records, and finance. Pakistan also partnered with World Liberty Financial for crypto adoption.

Regulators in Pakistan proposed a compliance-focused regulatory framework for digital assets, aligning with FATF rules. The Federal Investigation Agency Director sees this as a historic shift in how Pakistan views digital finance, balancing technological advancement with national security imperatives. Pakistan is rapidly moving towards embracing and regulating the crypto industry.

Read more at Cointelegraph: Pakistan appoints special assistant to PM on crypto