Pakistan & El Salvador Unite on Bitcoin Strategy
Pakistan and El Salvador sign MoU to advance Bitcoin adoption, inclusive finance, and crypto policy development.
- Pakistan and El Salvador sign MoU on Bitcoin cooperation
- Focus areas include inclusive finance and policy building
- Crypto ties strengthen between Global South nations
Pakistan is stepping into the spotlight of global crypto adoption. Bilal Bin Saqib, the CEO of the Pakistan Crypto Council, recently held a high-level meeting with El Salvador’s President Nayib Bukele — a global crypto pioneer known for making Bitcoin legal tender in his country.
The two leaders signed a Memorandum of Understanding (MoU), which marks a significant step toward strengthening bilateral cooperation in the crypto space. This agreement is designed to promote Bitcoin adoption across government systems, policy frameworks, and inclusive financial solutions.
A Milestone for Pakistan’s Crypto Vision
This MoU sets the foundation for Pakistan’s increasing interest in digital assets and its ambition to align with international leaders in crypto innovation. El Salvador’s experience — from launching the Bitcoin Law to creating state-backed digital wallets — offers valuable lessons for countries like Pakistan that are navigating early-stage adoption.
Bilal Bin Saqib emphasized the importance of learning from El Salvador’s hands-on approach. The collaboration aims to help Pakistan build a strong infrastructure for Bitcoin adoption, with a focus on financial inclusion and regulatory clarity.
Future of Crypto Collaboration
The partnership also hints at a larger movement within the Global South to embrace decentralized technologies as a means of financial empowerment. By working together, Pakistan and El Salvador hope to push forward practical crypto use cases, especially for underbanked communities.
While Pakistan has yet to officially legalize cryptocurrencies, this move suggests a more progressive stance may be on the horizon. With El Salvador offering both inspiration and technical support, Pakistan could position itself as a crypto leader in South Asia.
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