Pakistani Prime Minister addresses the UN: “Cryptocurrencies are the future”

Pakistani Prime Minister addresses the UN: “Cryptocurrencies are the future”

Pakistan's prime minister made it clear at the UN that cryptocurrencies represent the future of global finance and technological innovation.

Shehbaz Sharif, Prime Minister of Pakistan, took advantage of his speech at the United Nations General Assembly to emphasize that Cryptocurrencies represent the futureHis message reflects a significant shift in the country's official vision, which now sees digital assets and blockchain technology as a key opportunity to drive its development.

Sharif emphasized that digital transformation is a strategic priority for Pakistan. Under this vision, cryptocurrencies are not only understood as a new type of investment, but also as a powerful tool to promote financial inclusion, modernize economic infrastructure, and attract foreign capital. Currently, the government is investing in policies that foster technological innovation, with the aim of positioning the country within the global digital asset ecosystem.

In addition, the Prime Minister he highlighted The nation's firm commitment to creating a robust and transparent regulatory framework for the digital industry. This framework, according to its statements, seeks to align with international best practices so that Pakistan can effectively and safely integrate into the global digital economy. In short, the country aims not to fall behind in the technological race, but to be an active player in the market.

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Pakistan formalizes its commitment to the cryptocurrency and digital asset industry

In recent months, Pakistan has been taking firm and concrete steps to actively integrate into the world of cryptocurrencies and blockchain technology. One of the most recent expressions of this commitment was Sharif's statement to the UN, a message that reflects the government's commitment to advancing in this area with a clear and structured vision.

In March of this year, the government announced the creation of the Pakistan Digital Assets Regulatory Authority (PDARA), an agency under the Ministry of Finance, created with the mission of designing a regulatory framework to ensure the orderly and secure use of digital currencies, as well as establishing parameters for their exchange and custody. This entity is headed by Bilal Bin Saqib, who also serves as Special Assistant to the Prime Minister on Blockchain and Digital Assets, thus strengthening coordination between regulation and government strategy.

An even more innovative step occurred in June, when Pakistan formalized the creation of its first state strategic Bitcoin reservea whirlpool bath, initiative with which it not only marked a milestone, but also paved the way for it to establish itself as a key player in the South Asian crypto ecosystem. To support the innovation of the digital world, an impressive electrical capacity of 2.000 megawatts to boost cryptocurrency mining and the operation of data centers specialized in artificial intelligence.

Through this strategy, Pakistan is leveraging the growth of its national energy capacity, particularly in regions with high solar energy production. In this way, it is turning its natural wealth into an essential driver for its economic and technological development, laying a solid foundation for a sustainable and competitive digital future.

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The Pakistani government's stance on digital currencies impacts the national landscape and establishes the country as an emerging leader in digital assets within the Global South. 

Bilal Bin Saqib highlights that “Pakistan can lead the adoption of digital assets in the region, from creating strategic Bitcoin reserves to opening infrastructure zones for mining and data.” This perspective positions the nation as a growing technological hub, with the capacity to attract talent, investment, and international collaboration.

In addition, the Pakistani government has established strategic alliances with international organizations such as World Liberty Financial to accelerate the adoption of digital currencies and facilitate access to digital financial services. These partnerships demonstrate diplomatic and economic openness toward key players promoting a digital future based on decentralization.

But this transformation goes beyond the technical or economic: it has a strong social component that cannot be overlooked. More than 15 million people in Pakistan already use digital platforms, and the new regulatory framework is designed to make these services safer, more transparent, and more accessible to all. The impact translates into very concrete benefits, such as the simplification of remittances, boosting digital commerce and financial inclusion of rural and marginalized communitiesSharif himself affirms that technology should be a tool to reduce inequalities and open up new opportunities, making financial inclusion a clear priority on his agenda.

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The transformation of finance with cryptoassets

Considering all of the above, it is important to note that Shehbaz Sharif did not just speak at the UN, but his message embodies a clear and ambitious vision for Pakistan. This country is committed to a profound transformation of its economy, betting on cryptocurrencies, digital assets, and blockchain technology as the central drivers of this change. 

Sharif's remarks, therefore, were not just a speech, but a declaration of a national policy realized through the creation of specialized agencies and regulatory frameworks designed to integrate these innovations safely and effectively. His declaration on a global stage underscores Pakistan's firm intention not to be left behind in the digital financial revolution. 

While many nations hesitate or simply watch the evolution of the crypto world, Pakistan decides to continue moving forward, convinced of the enormous potential these technologies hold to renew its economy and open up new opportunities. Thus, the country becomes a key player in global financial developments, redefining its economic model and positioning itself strongly in the future of finance.

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