Pakistan Cryptocurrency Commission has proposed to utilize excess energy for Bitcoin mining

BlockBeats News, March 23rd, according to Cointelegraph, Bilal Bin Saqib, CEO of Pakistan's Cryptocurrency Board, proposed on March 21st during the board's first meeting to utilize the country's hydropower resources to drive Bitcoin mining. The board is reportedly exploring a comprehensive regulatory framework for cryptocurrencies to attract foreign direct investment and position Pakistan as a cryptocurrency hub, as reported by The Nation.

The attendees of the Cryptocurrency Board's inaugural meeting included legislators, the Governor of the State Bank of Pakistan, the Chairman of the Securities and Exchange Commission of Pakistan (SECP), and the Federal Minister for Information Technology. Senator Muhammad Aurangzeb shared his thoughts on the meeting: "This marks the beginning of a new digital chapter in our economy. We are committed to creating a transparent, future-oriented financial ecosystem to attract investment, empower the youth, and establish Pakistan as a leader in the global emerging technology sector."