Pakistan aims to position itself as a leader in emerging technologies, in particular through the exploitation of its energy surplus for Bitcoin's mining. By redirecting its surplus of electricity towards mining, could the country rewrite the rules of its economy, or does it risk sacrificing its social priorities for an uncertain ambition?
Pakistan wants to become a leader in emerging technologies
During the inaugural meeting of Pakistan Crypto Council (CCP), the idea was raised to take advantage of the excess electricity of Pakistan by redirecting it towards the extraction of Bitcoin in order to transform the energy liabilities of the country into an economic asset.
This meeting at the top made it possible to bring together around the table the main institutional actors, including the president of the Securities and Exchange Commission (SECP), the Governor of the State Bank of Pakistan and the Senator Muhammad Aurangzeb, Federal Minister of Finance and Revenue.
Training – All about BTC mining (mining)
Bilal Bin Saqib, senior advisor to the Minister of Finance and member of the PCC, underlined the unique opportunity to position Pakistan as a regional leader. To do this, it offers to be inspired by existing international models, while adapting them to local realities.
Its presentation highlighted the opportunities offered by the Pakistani Cryptoian landscape, while emphasizing the urgency to clarify the regulatory framework to fully release the potential of the sector. The discussions also focused on key challenges, such as consumer protection, the development of blockchain mining and the implementation of a dedicated national policy.
The stakeholders also underlined the need for gradual deployment, supported by pilot programs, while ensuring compliance with international commitments. Requirements that aims to place Pakistan as the world leader in emerging technologies:
This is the start of a new digital chapter for our economy. We are committed to building a transparent and ready for the future financial ecosystem that attracts investments, empowers our young people and places Pakistan on the world card as a leader in emerging technologies.
Feel Mining: Generate passive income with your cryptos
Short -term political strategy or long -term energy ambition?
This new dynamic unfolds in a context marked by historical reluctance. In May 2023, the former Minister of Finance, Aisha Ghaus Pasha, said that cryptocurrencies would never be legalized because of the requirements of the Financial Action Task Force (GAFI) in the fight against money laundering.
In parallel, Pakistan faces a major challenge: the management and effective distribution of its energy resources nationwide. Although the country has considerable energy potential, with hydroelectric, solar and thermal infrastructures in development, millions of households still undergo regular power cuts.
In the news-Did the adoption of Bitcoin failed in Salvador?
Thus, the real issue for the government does not only reside in the exploitation of the energy surplus for Bitcoin's mining, but in the fair redistribution of this essential resource, which directly affects the quality of life of citizens and local economic development.
The Salvador experience teaches us that investing in solutions around Bitcoin should not be done to the detriment of the basic needs of the population.
Faced with these elements, it is crucial to remain cautious about the impact of this new policy and to question its ability to project yourself in the long term, while ensuring innovative, regulated and beneficial development for the national economy.
Buy Bitcoin crypto Coinbase
Source: Nation
The crypto newsletter n ° 1 
Receive a summary of crypto news every day by email 
Certain links present in this article may be affiliated. This means that if you buy a product or register on a site from this article, our partner gives us a commission.
Investments in cryptocurrencies are risky. There is no guaranteed high yield, a product with high performance potential implies a high risk. This risk taking must be in line with your project, your investment horizon and your ability to lose part of this savings. Do not invest if you are not ready to lose all or part of your capital
Cyber enthusiastic forever, I have fueled my curiosity and my passion over time … should it have been the opposite? Maximalist convinced, I could have been part of the cypherpunks if I was born a few years before. Convinced that information and knowledge are the ultimate weapons of freedom, I brandish my pen like a sword, defending this noble cause with fervor. Don't believe me, check 
