- Strategic Bitcoin Reserve: A national supply of Bitcoin that a government holds to strengthen its digital economy or protect against financial instability.
- Bilal Bin Saqib: Special Assistant to the Pakistani Prime Minister on Blockchain and Cryptocurrency. He represents the country in international crypto discussions.
- Pakistan Crypto Council: A government-supported body in Pakistan focused on advancing blockchain and cryptocurrency projects.
- Kashmir Conflict: A long-standing territorial dispute between India and Pakistan that has led to several wars and ongoing tension.
Pakistan announced that it will establish a strategic Bitcoin reserve as part of the country’s new vision for the cryptocurrency industry.
On Wednesday, Bilal Bin Saqib, Special Assistant to the Pakistani Prime Minister on Blockchain and Cryptocurrency, stated at the Bitcoin 2025 conference that the government will hold BTC in a national wallet and “never ever” sell them.
“We’re grateful to the U.S. for being a source of inspiration,” Saqib said, referencing President Donald Trump’s Executive Order in March to create a strategic Bitcoin reserve.
In addition, the Pakistan Crypto Council, that is supported by the government, signed a deal with World Liberty Financial (WLF), a crypto platform backed by Trump, to accelerate blockchain development in the country.
Did cryptocurrency play a role in ending the India-Pakistan conflict?
In the latest conflict between India and Pakistan, Donald Trump played an important role in helping to calm things down. He said his team helped both countries move toward a ceasefire and start talking directly.
On his platform, Truth Social, Trump praised the leaders of India and Pakistan for showing “strength, wisdom, and courage” by stopping the violence, which he said “could have caused many deaths and a lot of damage.”
Trump also said that trade is a better option than war, adding, “Let’s do trade instead of war.” He even offered to help solve the long-running Kashmir conflict, saying the two countries had been “fighting for about 1,000 years.”
However, many experts noticed the timing of Trump’s comments and pointed out that his family’s business had recently shown interest in Pakistan. This made people question whether his political actions were linked to business deals.
What is WLF?
Pakistan’s partnership with WLF raised an important question: Why WLF, specifically? The answer follows:
- WLF Officially launched on September 16, 2024, positioning itself as a decentralized finance (DeFi) platform. The launch was announced by Donald Trump himself, who emphasized embracing the future with crypto and moving away from traditional banking systems.
- It specializes in decentralized finance services, including crypto lending and borrowing. It also focuses on stablecoins, having introduced USD1, a stablecoin pegged to the US dollar and backed by US Treasuries and cash equivalents.
- The U.S. based company has entered into significant agreements to expand its global presence. Notably, it partnered with UAE-backed fund plans to use WLF’s USD1 stablecoin to acquire a $2 billion stake in Binance.
- The Trump family holds a 60% stake in WLF, with Donald Trump serving as the chief crypto advocate. His sons, Eric Trump and Donald Trump Jr., are actively involved in the company’s operations, and Barron Trump has been appointed as the chief DeFi visionary.
The recent moves by Pakistan and the involvement of WLF show how much the world of crypto is changing and mixing money, politics, and international relationships. As more countries begin to explore digital currencies and new partnerships, many questions still remain. Will crypto help bring peace and trade between rivals like India and Pakistan? Or will it raise new challenges and conflicts of interest?
