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Michael Saylor Joins Pakistan’s Crypto Mission
- Michael Saylor, a prominent Bitcoin billionaire, has offered to advise Pakistan on crypto policies and attract global investment to strengthen the country's economy using digital assets.
- Pakistan is taking significant steps towards embracing cryptocurrency, with a new crypto policy, plans for a national Bitcoin reserve, and global partnerships, aiming to lead the developing world in digital assets.
- Saylor's involvement as a crypto advisor in Pakistan amidst regional tensions has sparked hope among the country's 40 million crypto users.
- Saylor met with Pakistani Finance Minister Muhammad Aurangzeb and State Minister for Blockchain and Crypto, Bilal Bin Saqib, in Islamabad to discuss utilizing Bitcoin for national reserves and digital transformation, praising Pakistan's vision.
- He emphasized how trust can attract investments, citing his company's success with Bitcoin investments, holding around 582,000 BTC valued over $62 billion, with a market cap exceeding $105 billion since 2020.
- Pakistan's progress includes launching the Pakistan Crypto Council (PCC) in March to develop crypto laws and introducing the first crypto policy 2025 in April compliant with global standards like those of FATF.
- The government, led by Saqib, is expediting legislation proposed by the PCC and plans to establish a national Bitcoin reserve to signify its commitment to a crypto-forward economy.
- Saylor supports Pakistan's idea of a Bitcoin reserve, suggesting it could elevate Pakistan as a forward-thinking nation.
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