According to him, the authorities of Pakistan were inspired by a similar initiative of the United States. In March, Donald Trump signed a decree on the formation of a reserve in bitcoins. He noted the achievements of the United States in the field of promotion of crypto assets, saying that this country has always been at the forefront of innovation. He thanked the president for his contribution to the de -escalation of the conflict in the region and efforts to protect the crypto industry.
“I came from Pakistan – countries that are often understood and represented from the wrong side. Let me show you Pakistan from the point of view of the cryptocurrency sphere. I declare that the Government of Pakistan launches its own state strategic bitcoin reserve. We will store bitcoins and never, never sell them, ”Sakib said.
He emphasized that from 40 million to 50 million cryptocurns were registered in Pakistan. The average age of citizens is 23 years, which provides significant potential for the adoption of a crypto. The politician refused to disclose the details of the project to create a bitcoin reserve, indicating only that the government is developing a strategy for replenishing it, which would not create a load on the country’s budget.
Earlier, the Pakistan government stated that it would allocate 2000 MW of excess electric power power for bitcoin production and food centers.
Source: Bits
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