Pakistan Finance Minister Denies Plans to Reserve Bitcoin as Strategic Asset

Pointing Out the Lack of Clear Regulations in Pakistan
"Pakistan Will Maintain Cryptocurrency Ban"

Imadullah Bosal, Pakistan's Finance Minister, has officially denied the Pakistan government's plan to make Bitcoin a strategic asset, which was announced last week.

According to the Business Standard report on the 30th, Minister Bosal stated that the government will maintain the cryptocurrency ban and that the announcement about stockpiling Bitcoin as a strategic asset is merely a unilateral claim.

Previously, Bilal Bin Sakib, CEO of the Pakistan Cryptocurrency Council, announced at the Bitcoin 2025 Conference on the 28th that "the Pakistan government is establishing a government-led Bitcoin strategic reserve fund." At the time, CEO Sakib said, "The United States government's idea has greatly inspired Pakistan" and "Pakistan will follow a similar approach."

CEO Sakib's statement caused a significant stir in the cryptocurrency community, suggesting that Pakistan, which has maintained a cryptocurrency ban since 2023, was about to adopt Bitcoin. The government has now clarified that this was just a unilateral rumor.

Sharmila Faruki, a member of the Pakistan Parliament's Finance Standing Committee, pointed out the lack of regulatory guidelines as the main reason why Pakistan cannot adopt Bitcoin as a strategic asset. Faruki stated, "Since implementing the cryptocurrency ban, there are no regulations related to cryptocurrencies in Pakistan."

Minister Bosal also noted that "a legal framework will only be established when the government officially makes a decision."

Reporter Kwon Seung-won ksw@blockstreet.co.kr