Islamabad: Pakistan has introduced a new cryptocurrency system in response to the increasing significance of digital assets.

According to Radio Pakistan, New York-based independent media platform CoinTelegraph Magazine has acknowledged Pakistan’s efforts in the field of cryptocurrency and blockchain. The CEO of Pakistan Crypto Council, Bilal Bin Saqib, announced that Pakistan plans to establish Bitcoin reserves to regulate crypto assets. He stated that the country aims to generate income through its Bitcoin reserves by utilizing Decentralized Finance.