Pakistan, Kyrgyzstan strengthen digital cooperation with new crypto and blockchain pact
ISLAMABAD: Pakistan and Kyrgyzstan have taken a bold step towards regional tech collaboration by agreeing to enhance joint efforts in cryptocurrency and blockchain technologies, as confirmed by Radio Pakistan on Saturday.
The agreement came during a virtual meeting between Bilal Bin Saqib, Minister of State for Crypto and Blockchain, and Farkhat Iminov, head of Kyrgyzstan’s National Investment Agency.
Saqib described Kyrgyzstan as a “key partner” in advancing digital asset innovation, particularly in the areas of regulation and Web3 development. The partnership is expected to support both countries in crafting stable, forward-looking crypto policies.
🇵🇰 Pakistan’s Web3 Vision Gains Speed
Pakistan’s government is pushing to position the country as a regional leader in blockchain, having launched the Pakistan Virtual Assets Regulatory Authority (PVARA) and announced its Strategic Bitcoin Reserve earlier this year.
These initiatives aim to attract foreign investment, modernize public finance, and enable greater digital financial inclusion across the country.
🌐 Engaging the Global Crypto Community
Minister Saqib’s efforts are also gaining international attention. He recently met with Robert Bo Hines, Executive Director of the Council on Digital Assets associated with former U.S. President Donald Trump. Their talks focused on global alignment of crypto regulations and investment opportunities.
During a June visit to the United States, Saqib met several influential U.S. figures, including Senators Cynthia Lummis, Tim Sheehy, and Rick Scott, as well as New York Mayor Eric Adams, in efforts to forge global crypto partnerships.
🌎 Learning from El Salvador’s Bitcoin Model
In a landmark diplomatic visit, Saqib also met El Salvador’s President Nayib Bukele, who shared insights into his country’s experience as the world’s first to legalize Bitcoin as a national currency. The exchange focused on identifying policy lessons Pakistan could adopt as it crafts its national crypto strategy.
Pakistan’s series of recent engagements signal growing momentum behind its Web3 and blockchain aspirations, with a clear emphasis on collaboration, innovation, and responsible regulation.