Bilal Bin Saqib, chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA), is advocating for the creation of a strategic national Bitcoin reserve held through a national wallet for sovereign preparedness. Pakistan reached its first governance milestone by February 2026, transferring seized digital assets into formal custody arrangements. The government also plans to redirect 2,000 megawatts of surplus electricity toward Bitcoin mining and AI data center operations. The Virtual Assets Act 2026 formally established PVARA as the country’s digital asset regulator in a nation where roughly 40 million digital asset users previously had no regulatory framework or consumer protections.
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