BlockBeats News, June 16 - According to a report by Cointelegraph, Strategy (formerly MicroStrategy) Executive Chairman Michael Saylor met with Pakistan's Finance Minister Muhammad Aurangzeb and Blockchain Minister Bilal Bin Saqib to discuss how Bitcoin could operate as a national reserve asset. Saylor expressed his willingness to act as an advisor to Pakistan's cryptocurrency initiatives.
Recently, Pakistan has shifted towards supporting cryptocurrencies, establishing a cryptocurrency management agency last month and planning to build a Bitcoin reserve. Minister Saqib stated that Pakistan should follow Saylor's approach of transforming Strategy into a Bitcoin acquisition vehicle.
The Pakistan Cryptocurrency Committee submitted a draft legal framework on June 6, and the Ministry of Finance has agreed to expedite the approval process. The Pakistani government aims to lead the Global South in the development and adoption of digital assets.
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