On July 1st, according to Cointelegraph, Bilal Bin Saqib, Chief Advisor of the Pakistan Cryptocurrency Commission, announced plans to deploy Pakistan's national Bitcoin reserves to DeFi protocols for revenue in the future.
The Pakistan Cryptocurrency Commission submitted a draft of the national Bitcoin reserve legal framework on June 6th, and the Ministry of Finance agreed to accelerate the approval process. The government hopes to lead the global South in the development and adoption of digital assets. Bilal bin Sachib was appointed as the Chief Advisor of the Pakistan Crypto Council in March 2025, responsible for guiding Pakistan in integrating cryptocurrency and blockchain technology into its financial ecosystem and ensuring the development of a regulatory framework in line with global best practices. Michael Saylor will also serve as an advisor to assist Pakistan in establishing Bitcoin reserves.
