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Pakistan plans to deploy Bitcoin reserves into Decentralized Finance protocols to generate returns.
On July 1, according to Cointelegraph, Bilal Bin Saqib, chief advisor of the Pakistan Crypto Council, stated that they are preparing to deploy Pakistan's national Bitcoin reserves into DeFi protocols for yield in the future. The Pakistan Crypto Council submitted a draft legal framework for national Bitcoin reserves on June 6, with the Ministry of Finance agreeing to expedite the approval process. The government hopes to lead the Global South in the development and adoption of digital assets. Bilal Bin Saqib was appointed chief advisor of the Pakistan Crypto Council in March 2025, responsible for guiding Pakistan in integrating crypto assets and blockchain technology into its financial ecosystem, and ensuring the establishment of a regulatory framework that aligns with global best practices. Michael Saylor will also serve as an advisor to assist Pakistan in building its Bitcoin reserves.