Pakistan plans to deploy Bitcoin reserves into DeFi protocols for yield generation

ChainCatcher news, according to Cointelegraph, Bilal Bin Saqib, the chief advisor of the Pakistan Cryptocurrency Council, stated that in the future, Pakistan is preparing to deploy its national Bitcoin reserves into DeFi protocols for yield generation.

The Pakistan Crypto Council submitted a draft legal framework for national Bitcoin reserves on June 6, and the Ministry of Finance agreed to expedite the approval process. The government hopes to lead the global south in the development and adoption of digital assets. 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 and ensuring the establishment of a regulatory framework that aligns with global best practices. Michael Saylor will also serve as an advisor to assist Pakistan in building its Bitcoin reserves.