#Gravitas | Pakistan seeks Shariah clarity on Crypto Fatwa questions Crypto as valid wealth Molly Gambhir has more
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term for the legal opinion or learned interpretation that a qualified jurist or mufti can give on issues pertaining to the Islamic law
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Pakistan's crypto ambitions face a major test after a top Islamic scholar declared cryptocurrency transactions "haram" under Sharia law ... Show more
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Key FactsPakistan unveils government-led strategic Bitcoin reserve
May 29, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: dawn.com
Summary created with AI assistance · Source: dawn.com
- The wallet is intended to hold digital assets in state custody as a sovereign reserve, not for sale or speculation.
- In a first phase, 2,000 megawatts of surplus electricity were allocated for Bitcoin mining and AI data centres.
- Saqib is also leading the creation of the Pakistan Digital Assets Authority, a planned regulator for digital assets.
- He is CEO of the Pakistan Crypto Council and was appointed Special Assistant to the Prime Minister for Crypto and Blockchain, with the status of a minister of state.
Today is a very historic day. Today, I announce the Pakistani government is setting up its own government-led Bitcoin Strategic Reserve, and we want to thank the United States of America again because we were inspired by them.— Bilal Bin Saqib, head of Pakistan’s crypto council, announces the establishment of a Bitcoin strategic reserve at the Bitcoin 2025 conference.
Pakistan allocates 2,000 megawatts of electricity to bitcoin mining, AI data centres
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Key FactsPakistan Powers Bitcoin Mining and AI Data Centers
May 25, 2025 · Reading time: ~30 sec.
Summary created with AI assistance · Source: reuters.com
Summary created with AI assistance · Source: reuters.com
- Pakistan will provide 2,000 megawatts of electricity to support bitcoin mining and AI data centers.
- Surplus electricity is being leveraged to create high-tech employment opportunities.
- The energy sector faces challenges like high costs and increased solar power adoption.
- The Pakistan Crypto Council leads this multi-stage digital infrastructure initiative.
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