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Pakistan’s Bold Bitcoin Reserve May Face IMF Scrutiny

Pakistan recently announced plans to establish a Strategic Bitcoin Reserve. But, Pakistan is one of IMF programme country and recently they received $1B loan from IMF. Although, IMF has not issued a public reaction yet, its past warnings to El Salvador may cause issues when next year’s review begins second half of 2025. Pakistan To Establish a Strategic Bitcoin Reserve Speaking at the Bitcoin Conference, Bilal Bin Saqib unveiled Pakistan’s Bitcoin Reserve plans, marking a major turnaround from the country’s previously cautious approach to cryptocurrency. Thanking the US and President Donald Trump for the inspiration, Saqib stated, Today is a very historic day. Today, I announce the Pakistani government is setting up its own government-led Bitcoin Strategic Reserve, and we want to thank the United States of America again because we were inspired by them. Interestingly, the official X page of the Pakistan Crypto Council referred to the head’s critical… Read More at Coingape.com

The post Pakistan’s Bold Bitcoin Reserve May Face IMF Scrutiny appeared first on CoinGape.

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