Bilal Bin Saqib appointed advisor to a crypto project

bilal bin saqib appointed advisor to a crypto project

bilal bin saqib appointed advisor to a crypto project

Pakistan Hires Crypto Adviser to Further Digital Economy

Prime Minister Shehbaz Sharif opted to register Bilal Bin Saqib as the special assistant to the Prime Minister on blockchain and cryptocurrency at the (Minister of State) level. This appointment is a clear indicator that Pakistan is serious about pushing to the forefront of digital innovation.

Saqib is the CEO of the Pakistan Crypto Council (PCC), and also advises the Finance Minister. This appointment follows the news earlier this month that Pakistan announced 2000 megawatts of electricity for bitcoin mining and artificial intelligence data centres. The PCC initiative will develop foreign investment, job creation in technology, and Pakistan as an epicentre for Web3 and AI, using excess electricity.

Earlier in April, the Government of Pakistan announced its first policy on regulating virtual assets to meet the international standards of the FATF.

Saqib said this energy-backed digital strategy could drive USD revenue into the economy, offer an additional layer of cybersecurity, and provide thousands of direct jobs. He further said it was imperative to regulate and offer full transparency to our stakeholders on a global scale in this space.

Finance Minister Muhammad Aurangzeb said, “This initiative is a turning point for Pakistan’s digital economy as it unlocks innovation and international opportunities.”

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