Pakistan plans to deploy Bitcoin reserves to DeFi protocol for profit

According to Foresight News, according to Cointelegraph, Bilal Bin Saqib, chief adviser to the Pakistan Cryptocurrency Commission, said that he is preparing to deploy Pakistan's national Bitcoin reserves to the DeFi protocol in the future to obtain profits.

The Pakistan Crypto Commission has submitted a draft national legal framework for Bitcoin reserves on June 6, and the Ministry of Finance agreed to speed up the approval process. The government hopes to lead the global southern countries in the development and adoption of digital assets. Bilal Bin Saqib was appointed Chief Advisor to the Pakistan Crypto Council in March 2025, directing Pakistan to integrate cryptocurrency and blockchain technology into its financial ecosystem and ensuring a regulatory framework that is in line with global best practices. Michael Saylor will also serve as an advisor to help Pakistan build Bitcoin reserves.

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