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Pakistan Establishes Ties With El Salvador, With Bitcoin Front and Center

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The government of the Islamic Republic of Pakistan established diplomatic ties with the Republic of El Salvador in a recent meeting, discussing an information-sharing agreement on bitcoin. The two countries are currently seeking to embrace the cryptocurrency while under IMF restrictions. Bitcoin Unites: Pakistan Establishes Diplomatic Ties With El Salvador Bitcoin is becoming a global […]

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El Salvador And Pakistan Leaders Meet To Discuss Bitcoin

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Bitcoin Magazine El Salvador And Pakistan Leaders Meet To Discuss Bitcoin President Nayib Bukele of El Salvador hosted Pakistan’s Minister of Crypto, Bilal Bin Saqib, for a meeting focused on expanding global Bitcoin collaboration. According to an official statement, the two leaders discussed three major topics: Bitcoin mining and energy resources, the creation of strategic

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India Probes Binance Over Crypto Transfers From Pakistan

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India’s financial intelligence unit is probing Binance and private crypto wallets over a suspected spike in cross-border transfers from Pakistan, potentially tied to illicit financing networks. Amid growing security concerns, India’s Financial Intelligence Unit (FIU-IND) is intensifying its investigation into Binance and several cryptocurrency exchanges over allegations of digital assets being funneled through private wallets

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Pakistan Unveils Independent Crypto Regulator to Align With FATF and Global Standards

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On July 8, the Pakistan government announced the establishment of the Pakistan Virtual Assets Regulatory Authority, an independent body responsible for licensing, monitoring, and supervising virtual asset service providers (VASPs). Introduction of Virtual Assets and Trust The Pakistan government announced on July 8 the launch of the Pakistan Virtual Assets Regulatory Authority (PVARA), a body

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Pakistan’s energy optimization via Bitcoin mining gets 3 months trial after IMF’s partial rejection

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The International Monetary Fund has declined to fully endorse Pakistan’s proposal for a subsidized electricity tariff aimed at powering Bitcoin mining operations, local media outlet Profit reported on July 3. According to the report, Fakhray Alam Irfan, the Chairman of Pakistan’s Senate Standing Committee on Power, revealed that the IMF approved only a three-month relief

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Pakistan’s Strategic Bitcoin Reserve: A Step Toward Orange-Pilling a Nation?

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Bitcoin Magazine Pakistan’s Strategic Bitcoin Reserve: A Step Toward Orange-Pilling a Nation? Pakistan’s relationship with Bitcoin has been marked by inconsistency and confusion over the past few years. Initially, the country outright banned bitcoin trading in 2018, citing concerns over fraud, money laundering and lack of regulation. However, over time, their stance softened and regulators

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Pakistan Pitches Bitcoin Reserve Plan to Trump’s Crypto Team – Crypto Adoption Rising?

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Key Takeaways: Pakistan’s 2 GW mining plan requires U.S. tech assistance, but the IMF warns that energy subsidies could violate loan rules. Banning crypto while building a Bitcoin reserve puts Pakistan in a legal trap. A Trump-linked firm’s $550M investment may speed up Pakistan’s crypto plans—if the central bank agrees. Pakistan just made a high-stakes

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Expert Warns Pakistan May Fold Next

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Less than a week after Pakistan unveiled a plan to channel 2,000 megawatts of surplus electricity into Bitcoin mines and artificial-intelligence data centres, the International Monetary Fund has asked Islamabad authorities for “urgent clarification” and scheduled a stand-alone virtual meeting with the

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IMF Alarmed as Pakistan Declares Bold Bitcoin Reserve

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Amid ongoing economic negotiations, Pakistan’s unprecedented plan to integrate bitcoin into its national strategy has sparked concern from the International Monetary Fund, which was not consulted on the initiative. The country declared the establishment of a national bitcoin reserve and a digital asset authority during the Bitcoin Vegas 2025 conference, unveiling plans to allocate 2,000

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Crypto Remains Illegal in Pakistan Despite State-Led Bitcoin Initiatives

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Despite increasing government-backed initiatives promoting Bitcoin adoption, Pakistan’s top financial authorities the State Bank and Ministry of Finance clarified on Thursday that cryptocurrency remains banned, with all related transactions deemed illegal under existing laws. As per local media reports, during a recent meeting official meeting on Finance and Revenue, Finance Secretary Imdadullah Bosal clarified that

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