Pakistan plans to deploy Bitcoin reserves to DeFi protocols to earn profits

Odaily News Bilal Bin Saqib, chief advisor to the Pakistan Cryptocurrency Council, said that in the future, Pakistan's national Bitcoin reserves are ready to be deployed to DeFi protocols to generate returns. The Pakistan Cryptocurrency Council submitted a draft legal framework for national Bitcoin reserves on June 6, and the Ministry of Finance agreed to speed up the approval process. The government hopes to lead the global South in the development and adoption of digital assets. Bilal Bin Saqib was appointed as the chief advisor to the Pakistan Cryptocurrency Council in March 2025. He is responsible for guiding Pakistan to integrate cryptocurrencies and blockchain technology into its financial ecosystem and ensure the development of a regulatory framework that meets global best practices. Michael Saylor will also serve as an advisor to help Pakistan establish Bitcoin reserves.