Pakistan’s Crypto Envoy Courts Wall Street Allies
Pakistan's Minister of State for Crypto and Blockchain, Bilal Bin Saqib, is seeking collaboration with Wall Street, highlighted by meetings with Brandon Lutnick, CEO of Cantor Fitzgerald, and New York City Mayor Eric Adams. Discussions included tokenization, Bitcoin mining, and Pakistan's Web3 future. Cantor Fitzgerald has increased its crypto focus, managing approximately $14.8 billion in assets and partnering with firms like Anchorage Digital and Copper for digital asset financing. Saqib's recent meetings also involved Robert “Bo” Hines from Trump's Council on Digital Assets, emphasizing US-Pakistan cooperation in cryptocurrency initiatives. Pakistan is establishing a strategic Bitcoin reserve and has allocated 2,000 megawatts of surplus electricity for Bitcoin mining and AI centers, marking a significant policy shift towards legalizing cryptocurrency.
