Bitcoin to Become Key Pillar of Pakistan’s Future Financial System: Bilal Bin Saqib

Pakistan has emerged as a global point of attention following significant progress in crypto regulation, marking a major step toward a modern digital economy.

The vision was outlined by Chairman Pakistan Virtual Assets Regulatory Authority (PVARA), Bilal Bin Saqib, during an exclusive interview at the Abu Dhabi Bitcoin Conference 2025.

Bilal Bin Saqib stated that Pakistan does not view Bitcoin and digital assets merely as investment tools, but as a fundamental pillar of the future financial system.

He emphasized that with a population of over 240 million, of which 70% are youth, Pakistan is no longer dependent solely on the traditional economy and is rapidly transitioning toward a new digital economic model.

“Our goal is to transform Pakistani youth from digital consumers into creators and architects of the new economy,” he said.

Bilal Bin Saqib explained that Pakistan is reforming its previously unregulated crypto market to develop a transparent, secure, and investor-friendly ecosystem aligned with global standards.

He revealed that Pakistan has introduced a three-pillar regulatory framework for crypto and digital assets, based on regulatory clarity, phased implementation, and technology-driven monitoring.

Under this framework, interim licenses have been issued, while crypto mining, tokenization, fintech pilot projects, and Web3 initiatives have been launched for major exchanges operating in Pakistan.

According to him, billions of dollars in investment are expected in the coming years in areas such as Bitcoin mining, tokenization, and Web3 development.

Bilal Bin Saqib further highlighted that Pakistan possesses over 20 gigawatts of surplus electricity, which can be converted into digital exports through Bitcoin mining and artificial intelligence.

He noted that Bitcoin offers effective solutions for Pakistan in areas including savings protection, financial inclusion, and international payments.

He concluded by stating that the government’s clear vision and comprehensive reforms are providing new momentum and direction to Pakistan’s Bitcoin and digital economy.