Pakistan Doubles Down on Bitcoin Mining—IMF Pushes Back Hard
As Pakistan gambles on crypto to revive its economy, the IMF slams the brakes. A high-stakes bet—or a desperate Hail Mary?
Bitcoin miners flock to cheap energy, but can Islamabad outmaneuver debt defaults and IMF austerity? The math looks... optimistic.
Meanwhile, traditional finance suits clutch pearls—nothing disrupts bureaucracy like a decentralized ledger threatening their spreadsheets.
U.S. Lawmakers Push Forward with Crypto Regulatory Reform
Meanwhile, the government is pressing forward with its digital agenda. A new authority—the Pakistan Digital Asset Authority (PDAA)—has been formed to regulate crypto platforms, tokenized assets, and DeFi protocols under international compliance frameworks. The plan also includes the launch of a national bitcoin wallet and the creation of a sovereign crypto reserve, unveiled at the Bitcoin 2025 conference in Las Vegas.
Behind this shift is a broader initiative, spearheaded by the National Crypto Council, to develop a comprehensive regulatory framework and turn Pakistan into a regional hub for digital finance. Former Binance CEO Changpeng Zhao has even been tapped as an adviser.
But as Optimism grows among crypto advocates, the IMF’s concerns may test just how far Pakistan can go without compromising its financial rescue ambitions.
