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Pakistan to create strategic Bitcoin reserve, earmarks 2000MW for crypto mining

  • Pakistan government announces plans to establish a strategic Bitcoin reserve and allocate 2000 megawatts of electricity for Bitcoin mining operations.
  • Inspired by the US, Pakistan's Bitcoin reserve strategy involves holding the bitcoins without intending to sell for speculation.
  • Minister Bin Saqib underlines Pakistan's focus on fostering a domestic Bitcoin mining industry and inviting global players in the crypto sector.
  • Pakistan sees crypto adoption as a way to empower its unbanked population and aims for further development in tokenizing national assets and digital identification systems.

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