In March 2025, the Pakistani government launched the Pakistan Virtual Assets Regulatory Authority (PVARA) to oversee the digital asset industry. PVARA is responsible for licensing and monitoring virtual asset service providers. This aligns with international standards and guidelines from the Financial Action Task Force (FATF) (Source: Reuters, 2025-04-09).
Following this, in May 2025, Pakistan's first government-led Strategic Bitcoin Reserve was announced at the Bitcoin 2025 conference in Las Vegas. The Ministry of Finance also allocated 2,000 megawatts of surplus electricity to power Bitcoin mining and AI data centers in May 2025 (Source: Reuters, 2025-05-25).
These initiatives aim to utilize excess energy, create jobs, and attract foreign investment. Pakistan is actively integrating blockchain technology and digital assets into its financial system.