Pakistan moves to build ‘direct collaboration’ with New York Crypto Council

Pakistan’s Minister of State for Crypto and Blockchain, Bilal Bin Saqib, has met New York City Mayor Eric Adams, in a “key step” toward building “direct collaboration” between the crypto councils of Pakistan and New York.

Strategic Bilateral Cooperation

The minister, who is also the CEO of the Pakistan Crypto Council (PCC), has met over a dozen key US government officials and lawmakers to strengthen cooperation in digital assets, blockchain regulation, and financial innovation.

Pakistan Crypto Policy Framework

PCC Establishment: Created in March to lure international investment.
Policy Framework: Introduced in April to align with FATF guidelines.
PVARA: New specialized regulatory body to oversee blockchain infrastructure.
Strategic Reserve: Unveiled the country’s first government-led bitcoin reserve.

“Both New York City and Pakistan have taken bold steps by establishing dedicated Crypto Councils to support the responsible growth of the digital economy. This meeting marked a key step toward building direct collaboration.”

Infrastructure and Power Allocation

Pakistan announced the allocation of 2,000 megawatts (MW) of electricity in the first phase of a national initiative to power bitcoin mining and artificial intelligence data centers. The draft legislation outlines a regulatory structure encompassing governance mechanisms, licensing protocols and investor protection provisions.

Initiative	Regulatory Body / Focus	Objective
Regulatory Framework	PCC & Finance Division	Timely enactment of digital asset laws.
Mining Power	National Initiative	2,000 MW allocation for BTC and AI data centers.
Market Oversight	PVARA	Governance and licensing for virtual assets.

The meeting at Gracie Mansion offered a fitting conclusion—highlighting New York City’s pivotal role in global tech leadership and Pakistan’s emergence as a bold new voice in the digital asset space.