In a major global crypto moment, El Salvador and Pakistan are teaming up to explore digital currencies together. President Nayib Bukele recently met Pakistan’s Minister of Crypto, Bilal Bin Saqib, to talk Bitcoin and blockchain.
They signed a special agreement (a Letter of Intent) to team up on crypto projects. The deal means both countries will share ideas on using Bitcoin in government, banking, and education, aiming to help each other learn new technology.
Both nations are excited about this partnership. El Salvador was the first country to make Bitcoin legal money in 2021, and it now keeps over 6,000 Bitcoins (around $400 million) in a national Bitcoin savings fund. Pakistan is now planning to allow Bitcoin too, with new rules and projects for crypto. The two leaders said their teamwork will focus on things like using digital currency for public services, helping more people access online banking, and creating smart policies for growing economies.
Pakistan’s crypto minister said the country will soon allow Bitcoin and write official rules for its use. They even plan to use extra electricity for Bitcoin “mining” (creating new coins) and build a government Bitcoin reserve. Bukele praised Pakistan’s plans and said El Salvador will help other countries use Bitcoin to gain financial freedom. He called the meeting the start of a new partnership based on innovation and shared learning.
Conclusion:
In short, this meeting shows both El Salvador and Pakistan are serious about working together on cryptocurrency. By sharing knowledge on Bitcoin, they hope to boost investments and tech opportunities for their people. This new partnership could lead to more crypto projects and help both countries grow in the digital economy.
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