Pakistan appoints crypto advisor amid push for Bitcoin mining
Bilal Bin Saqib has been appointed to lead blockchain strategy as the country pushes Bitcoin mining and crypto adoption.
Pakistan has named Bilal Bin Saqib special assistant to the prime minister on blockchain and cryptocurrency. He is also chief advisor to the finance minister and CEO of the Pakistan Crypto Council.
Bin Saqib studied at the London School of Economics and was honoured with an MBE.
The government plans to use 2,000 megawatts of surplus electricity for Bitcoin mining. The move aims to generate revenue, create tech jobs, and attract foreign investment.
Former Binance CEO Changpeng Zhao joined the crypto council as an advisor in April.
Despite the push, concerns remain. Foreign direct investment dropped sharply last year. Pakistan has hired a US lobbyist and engaged with World Liberty Financial, a crypto project linked to Donald Trump.
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