Pakistan’s crypto diplomacy plans to pave the future

August 29, 2025 (MLN): Pakistan has strengthened its standing on the international stage by advancing its crypto diplomacy. The country’s Virtual Assets Regulatory Authority established is to oversee and regulate cryptocurrencies and digital assets, marking a significant step in its financial modernization drive.

Minister of State for Crypto and Blockchain, Bilal Bin Saqib, shared that Pakistan’s evolving crypto policy is designed to unlock new international economic opportunities aligned with a forward-looking global vision.

He further highlighted that Pakistan’s strategic Bitcoin reserve represents not just a safeguard, but also a practical investment for the nation’s economic future.

Lately, Pakistan’s crypto diplomacy has also extended beyond regulation into high-level international partnerships. Earlier this July, Bilal Bin Saqib, in his capacity as both Minister of State and CEO of the Pakistan Crypto Council, held a  meeting with President Nayib Bukele of El Salvador in San Salvador.

The engagement the first of its kind between the two nations focused entirely on Bitcoin and digital asset collaboration, laying the foundation for what is called as a new era of “Biplomacy.”

Furthermore, Pakistan’s commitment to advancing its crypto diplomacy was reinforced when the Pakistan Virtual Assets Regulatory Authority (PVARA) held its first board meeting in Islamabad. The session was a transformative milestone in Pakistan’s digital economy roadmap.

The Board’s focus on AML/CFT compliance, the launch of a draft licensing framework, dedicated committees on taxation and international engagement, and the creation of a complaint portal with the NCCIA all reflect Pakistan’s intention to align its domestic framework with global crypto governance standards.

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