Pakistan’s demographics position the country as a major catalyst for Bitcoin (BTC) adoption, allowing it to “leapfrog” developed nations, according to Bilal Bin Saqib, Pakistan’s state minister of crypto and…
Bilal Bin Saqib, Pakistan Crypto Council CEO and special assistant to Pakistan’s prime minister on crypto and blockchain, met with El Salvador’s President Nayib Bukele in San Salvador to explore…
Pakistan’s plan to use surplus electricity for crypto mining has hit a roadblock after the International Monetary Fund (IMF) reportedly rejected a proposal to offer subsidized power to energy-intensive industries,…
The International Monetary Fund (IMF) has rejected Pakistan’s repeated proposals to provide subsidized electricity to bitcoin mining and other energy-intensive industries, according to reports. Secretary of Power Dr. Fakhray…
In brief
The International Monetary Fund has rejected Pakistan's proposal to offer subsidised electricity for crypto mining.
The IMF cited risks of market distortion in the struggling power sector.
Pakistan’s crypto mining ambitions…
Pakistan’s Finance Minister Muhammad Aurangzeb and State Minister of Crypto Bilal Bin Saqib, held a conversation recently with the Executive Chairman and CEO of Strategy, Michael Saylor, about Bitcoin and…
Pakistan Minister of State for Crypto and Blockchain Bilal Bin Saqib is likely looking to collaborate with Wall Street.A June 6 X post by the Pakistan Crypto Council shows that…
Key Takeaways:The IMF has questioned Pakistan’s plan to power Bitcoin mining and AI centers.
It raised concerns over legal risks and energy strain.
Pakistan advances national crypto and blockchain strategy.The International Monetary…
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Key Takeaways:The International Monetary Fund (IMF) is raising serious questions about Pakistan’s reported plans to allocate 2,000 megawatts (MW) of electricity towards Bitcoin mining and AI data centers.This scrutiny comes…