Pakistan, El Salvador Forge Crypto Collaboration

Pakistan and El Salvador have formalized diplomatic relations for the first time, focusing on collaboration in cryptocurrency and digital assets. Pakistan’s special assistant on crypto, Bilal Bin Saqib, and El Salvador’s President Nayib Bukele met in San Salvador to sign a letter of intent for sharing expertise and developing blockchain policy and infrastructure. Pakistan aims to strengthen its crypto regulatory framework, including allocating 2,000 megawatts for Bitcoin mining and planning a national Bitcoin reserve. Both nations are currently under International Monetary Fund loan programs, and El Salvador now holds over 6,000 BTC valued at more than $700 million. The alliance is intended to advance financial autonomy and digital inclusion, despite regulatory challenges and international scrutiny. Observers see this partnership as a significant milestone in global crypto adoption.