Pakistan Plans to Deploy Bitcoin Reserves to DeFi Protocols for Yield Generation
2025/07/01 14:53According to ChainCatcher, citing a report from Cointelegraph, Bilal Bin Saqib, Chief Advisor of the Pakistan Crypto Council, stated that there are plans to deploy Pakistan’s national Bitcoin reserves into DeFi protocols in the future to generate yields.
The Pakistan Crypto Council submitted a draft legal framework for national Bitcoin reserves on June 6. The Ministry of Finance has agreed to expedite the approval process, as the government aims to position itself as a leader among Global South countries in the development and adoption of digital assets. Bilal Bin Saqib was appointed Chief Advisor of the Pakistan Crypto Council in March 2025, responsible for guiding the integration of cryptocurrency and blockchain technology into Pakistan’s financial ecosystem and ensuring the establishment of a regulatory framework aligned with global best practices. Michael Saylor will also serve as an advisor to help Pakistan build its Bitcoin reserves.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Report: Anthropic Plans to Raise Issuance Price, Seeks $1.5 Trillion Valuation, and Aims to Raise Over $100 Billion
Anthropic's IPO roadshow received strong investor demand within less than a day, prompting underwriters to consider raising the offering price to above $78 per share. The company’s valuation is expected to surpass 1.5 trillions USD, with total fundraising likely to exceed 100 billions USD. According to three Anthropic shareholders, the company's main goal is to raise as much capital as possible to support its extensive computing power expenditure plans.
BlackRock’s crypto portfolio falls by nearly $5 billion so far in November 2026
Domestic refined oil retail price cap may see first drop since late August
Crypto prices
More
