Pakistan is taking the leap into decentralized finance (DeFi) with full force. The country is currently looking for ways to invest its confiscated Bitcoin fortune to earn yield. This decision is part of the country’s overall drive to adopt digital assets, using them to drive innovation, economic development and financial...
Bilal Bin Saqib, Pakistan’s first and only “Crypto Czar”, wants to transform seized Bitcoin into DeFi assets. Michael Saylor whispering sweet nothings about Bitcoin Maximalism in his ear, CZ Zhao offering… well, let's just say guidance, and suddenly, Pakistan's playing crypto roulette with confiscated criminal funds. Financial innovation or sitcom...
Today, Pakistan is on track to become one of the biggest movers and shakers in the cryptocurrency industry. The country intends to use this Bitcoin reserve in decentralized finance (DeFi) to earn passive income. Headlining this effort is Bilal Bin Saqib, Pakistan’s crypto minister, and CEO of the Pakistan Crypto...
Pakistan has similarly audacious plans to build up a Bitcoin stash. They’re looking to dive into the exhilarating new world of DeFi protocols, which sparks lively debates around the globe. This bold step can catapult our country into a new economic renaissance. In so doing, it endangers the country’s fiscal...
