Bilal bin Saqib, chairman of the Pakistan Crypto Council and advisor to the Finance Minister, said the country plans to allocate some of its surplus electricity to Bitcoin mining and AI data centers, Reuters reported.
In this context, it was stated that Pakistan was in talks with several Bitcoin (BTC) mining companies.
Bilal Bin Saqib added that the location of mining centers will be determined according to the regions with excess electricity supply.
Saqib said the country has 15-20 million cryptocurrency users and is the world's third-largest freelancing economy with a growing fintech space.
“Despite being unregulated, Pakistan ranks among top 10 global cryptocurrency adopters.”
It was stated that Binance founder Changpeng Zhao, who recently joined the Pakistan Crypto Council as a strategic advisor, was influential in Pakistan's move.
According to the information released shortly, Pakistan has appointed CZ as a strategic advisor on cryptocurrencies.
As the official Strategic Advisor to the Pakistan Crypto Council, CZ will provide guidance on regulation, infrastructure, education and adoption, and work closely with the Government of Pakistan and the private sector to create a harmonious, inclusive and globally competitive crypto ecosystem.
*This is not investment advice.
