In a groundbreaking diplomatic move, Pakistan has officially stepped onto the global crypto stage. On July 18, 2025, Bilal Bin Saqib — Pakistan’s Minister of State for Crypto and Blockchain and CEO of the Pakistan Crypto Council — met with President Nayib Bukele of El Salvador, a pioneer in national Bitcoin adoption. This historic interaction marks the first-ever high-level Bitcoin-focused engagement between the two nations.
The meeting, held in San Salvador, led to the signing of a Letter of Intent (LOI), cementing a formal cooperation framework on Bitcoin and blockchain innovation. With this strategic partnership, Pakistan signals its serious commitment to becoming a forward-thinking player in the global crypto economy.
A New Era of Biplomacy: Bitcoin Meets Diplomacy
Analysts are calling it the dawn of “Biplomacy” — a unique blend of Bitcoin and diplomacy — as decentralised finance becomes an essential part of international relations.
El Salvador’s success in adopting Bitcoin as legal tender has drawn global attention. During the meeting, President Bukele and Minister Saqib explored ways for Pakistan to replicate this success while tailoring it to its own economic landscape. Topics like Bitcoin education, sovereign digital reserves, and blockchain-based regulatory innovation took center stage.
Key Highlights of the Bitcoin Agreement
- Letter of Intent (LOI) signed between the Bitcoin Office of El Salvador and the Pakistan Crypto Council.
- Emphasis on Bitcoin education, public-sector blockchain adoption, and financial inclusion.
- Exchange of knowledge on creating a strategic Bitcoin reserve and crafting a balanced regulatory framework.
- Focus on positioning Pakistan as a crypto innovation hub among emerging economies.
“El Salvador’s bold Bitcoin experiment has inspired governments around the world. This visit marks the beginning of a strategic relationship rooted in innovation, inclusion, and shared learning,” said Minister Bilal Bin Saqib.
President Bukele, known globally for his visionary approach to crypto policy, praised Pakistan’s proactive stance on digital assets. He also reiterated El Salvador’s support for developing countries leveraging Bitcoin for financial sovereignty and economic uplift.
Pakistan’s Growing Crypto Momentum
This partnership aligns with recent developments in Pakistan’s digital asset landscape:
- The Pakistan Virtual Assets Regulatory Authority (PVARA) was launched earlier this year to oversee digital asset policy.
- The Strategic Bitcoin Reserve initiative was announced to future-proof the national economy.
- Government-backed support is growing for blockchain technology, fintech startups, and digital payment ecosystems.
With these efforts, Pakistan is not just joining the crypto revolution — it’s helping shape it.
Why This Matters for the Future
This is more than just a bilateral agreement — it’s a symbol of emerging-market empowerment. As traditional financial systems face global challenges, Bitcoin and blockchain offer a decentralized alternative that promotes transparency, security, and autonomy.
By collaborating with El Salvador — the world’s first nation to adopt Bitcoin as legal tender — Pakistan is sending a clear message: it’s ready to embrace digital transformation.
Final Thoughts: A Strategic Leap into the Crypto Future
This momentous agreement is a testament to how far Pakistan has come in embracing innovation. With the support of trailblazers like Bilal Bin Saqib and the global experience of President Bukele, the two nations are laying the groundwork for a new digital financial future.
The world is watching. And Pakistan is no longer on the sidelines — it’s becoming a key player in global crypto diplomacy.