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Pakistan Plans to Deploy Bitcoin Reserves to DeFi Protocols for Yield Generation
Summary: According to reports from Cointelegraph, Bilal Bin Saqib, Chief Advisor of the Pakistan Crypto Council, has announced plans to deploy Pakistan's national Bitcoin reserves to DeFi protocols for yield generation. The Pakistan Crypto Council submitted a draft law framework for the national Bitcoin reserves on June 6, with the Finance Ministry expediting the approval process. ...
According to reports from Cointelegraph, Bilal Bin Saqib, Chief Advisor of the Pakistan Crypto Council, has announced plans to deploy Pakistan's national Bitcoin reserves to DeFi protocols for yield generation.
The Pakistan Crypto Council submitted a draft law framework for the national Bitcoin reserves on June 6, with the Finance Ministry expediting the approval process. The government aims to lead Southern countries globally in digital asset development and adoption. Bilal Bin Saqib, appointed as Chief Advisor of the Pakistan Crypto Council in March 2025, is tasked with guiding Pakistan in integrating cryptocurrencies and blockchain technology into its financial ecosystem, and ensuring the formulation of regulatory frameworks in line with global best practices. Michael Saylor will also serve as an advisor to assist Pakistan in establishing Bitcoin reserves.
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Link: Pakistan Plans to Deploy Bitcoin Reserves to DeFi Protocols for Yield Generation [Copy]
