Michael Saylor to Advise Pakistan on Establishing a Bitcoin Reserve Program

According to Jinse Finance, Michael Saylor, Executive Chairman of Strategy (formerly MicroStrategy), met with Pakistan’s Finance Minister Muhammad Aurangzeb and Minister of Blockchain Bilal Bin Saqib to discuss how Bitcoin can function as a national reserve asset. Saylor expressed his willingness to serve as an advisor for Pakistan’s cryptocurrency initiatives. Pakistan has recently shifted toward supporting cryptocurrencies, establishing a cryptocurrency regulatory authority last month and planning to build Bitcoin reserves. Minister Saqib stated that Pakistan should follow Saylor’s example of transforming Strategy into a vehicle for Bitcoin acquisition. On June 6, the Pakistan Crypto Committee submitted a draft legal framework, and the Ministry of Finance agreed to expedite the approval process. The Pakistani government aims to lead Global South countries in the development and adoption of digital assets.