Pakistan Plans to Deploy Bitcoin Reserves to DeFi Protocol for Yield

BlockBeats News, July 1st, according to Cointelegraph, Bilal Bin Saqib, the Chief Advisor of Pakistan's Cryptocurrency Committee, stated that they are planning to deploy Pakistan's national Bitcoin reserve to a DeFi protocol to earn yield in the future.

The Pakistan Crypto Committee submitted a draft of the National Bitcoin Reserve legal framework on June 6th, and the Ministry of Finance agreed to expedite the approval process. The government aims to lead in the development and adoption of digital assets among global southern nations. Bilal Bin Saqib was appointed as the Chief Advisor of the Pakistan Crypto Council in March 2025, responsible for guiding Pakistan in integrating cryptocurrency and blockchain technology into its financial ecosystem, ensuring the formulation of regulatory frameworks in line with global best practices. Michael Saylor will also serve as an advisor to help Pakistan establish a Bitcoin reserve.