Pakistan's Crypto Council CEO Proposes Using Runoff Energy for Bitcoin Mining
Bilal Bin Saqib, the CEO of Pakistan's Crypto Council, suggested utilizing excess energy in the country for Bitcoin (BTC) mining during the council's first meeting on March 21. The council is focusing on developing regulatory frameworks for cryptocurrencies to attract foreign investment and position Pakistan as a crypto hub. The meeting was attended by lawmakers, the governor of the Bank of Pakistan, the chairman of Pakistan's Securities and Exchange Commission (SECP), and the federal information technology secretary. Senator Muhammad Aurangzeb expressed optimism about the meeting, stating it marks the beginning of a new digital era for Pakistan's economy. The establishment of the Crypto Council marks a significant shift from Pakistan's previous anti-crypto stance, with plans to regulate cryptocurrencies as legal tender following the example of the United States.
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