Bilal-bin-Saquib, Pakistan’s Minister of State for Crypto and Blockchain, had a meeting with the US President Donald Trump’s crypto advisor, Patrick Witt, while he was attending the 80th United Nations General Assembly (UNGA). The duo discussed enhancing crypto collaboration between the two countries.
In a post on X, Shaqib announced that, “I explored how Pakistan can draw on US experience to unlock new opportunities in the digital assets space.”
During the meeting, Saqib stressed that Pakistan wants to be a world leader in cryptocurrency and digital finance. He talked about how important it is to have partnerships based on innovation to improve relations between the two countries and move technology forward.
Speaking at the sidelines of the 80th United Nations General Assembly, Bilal bin Saqib stressed the importance of AI, blockchain, and digital governance for emerging economies like Pakistan.
He posted a picture of him on X, where he held up a Bitcoin sign at the UN and said that “it’s time the world considered the first UN Resolution on Bitcoin.”
Pakistan embracing cryptocurrencies
Recently, Pakistan’s PM Muhammad Shehbaz Sharif, while addressing the UNGA, hailed the economic reforms said, “We have successfully implemented deep-rooted structural macroeconomic reforms, modernized and broadened our taxation system, intensified efforts to mobilize productive investment, and embraced digitization, AI, and crypto as the tools of the future.”
Earlier in March, Pakistan created a national crypto council with Binance Co-Founder Changpeng Zhao ‘CZ,’ as its strategic advisor. It aims to promote blockchain technology in the finance sector. Saqib said Pakistan wants to set a clear regulatory framework for cryptocurrencies in order to attract foreign investment.
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