Pakistan announced that 2000 megawatts of electricity will be used for "Bitcoin Mining and AI Centers" as the Prime Minister appoints a special assistant for Blockchain and Crypto Assets.

Pakistan's Ministry of Finance recently announced that as part of the Islamabad program, the country will allocate 2,000 megawatts (MW) of electricity for Bitcoin mining and artificial intelligence (AI) data centers, aiming to convert idle power into economic benefits, boost the country's digital economy, and inject new impetus into the fragile economy. (Synopsis: Pakistan wants to sell excess electricity: targeting Bitcoin mining and AI data centers) (Background supplement: Bitcoin "in these 6 countries" has hit a record high!) Fiat currency inflation ravages Turkey, Lebanon, Argentina, Egypt, Nigeria, Nepal, Pakistan: Pakistan's Ministry of Finance recently announced that the country will allocate 2,000 megawatts (MW) of electricity for bitcoin mining and artificial intelligence (AI) data centers as part of the Islamabad program, Bloomberg reported. Note: 2,000 MW is equivalent to the output of a large coal, natural gas or nuclear power plant. For example, Taiwan's Taichung thermal power plant has a total installed capacity of about 5,500 MW. The initiative, led by the Pakistan Crypto Council (PCC), aims to convert excess energy from coal-fired power plants, which currently operate at just 15 percent capacity, into economic assets, creating high-tech jobs and attracting foreign investment. Pakistan's Ministry of Finance said that this is only the first phase of the country's multi-phase digital infrastructure promotion plan, and will further expand the layout of the digital economy in the future. According to reports, the plan aims to solve the long-term structural challenges facing Pakistan's energy industry, including high electricity prices and excess power generation capacity. The reason is that with the rapid popularization of solar energy, many people have turned to their own solar energy systems, resulting in an oversupply of centralized power grids, and the economic recession has further depressed industrial demand for electricity. To this end, the government plans to convert idle electricity into economic benefits, specifically selecting energy-intensive bitcoin mining and AI data centers as the primary application areas. Pakistan's finance ministry stressed that the move will not only monetize excess energy, but also boost the country's digital economy and inject new impetus into the fragile economy. Pakistani Prime Minister appoints Special Assistant for Blockchain and Cryptocurrencies In addition, according to Pakistani local media "Pakistan Observer" reported yesterday (26), Pakistani Prime Minister Shehbaz Sharif has appointed Bilal Bin Saqib, chairman of the Pakistan Cryptocurrency Commission, as a special assistant to Blockchain and Cryptocurrency, with a level equivalent to the Minister of State, but does not receive salaries, benefits or privileges. As Special Assistant, Saqib will be responsible for drafting Financial Action Task Force (FATF)-compliant cryptocurrency regulations, launching state-backed Bitcoin mining projects, and overseeing the integrated application of blockchain technology in governance, land records and finance to modernize digital finance and governance in Pakistan. Pakistan Accelerates Embrace of Cryptocurrencies and Blockchain Pakistan is actively deploying the cryptocurrency industry, showing strong ambitions for the digital economy. Recent actions include: In mid-May, the Ministry of Finance approved the establishment of the Pakistan Digital Asset Management Authority (PDAA) as a specialized agency to oversee the country's blockchain-based financial infrastructure. PDAA will oversee the licensing and compliance management of exchanges, custodial services, wallets, tokenization platforms, stablecoins, and decentralized finance (DeFi) applications, as well as drive asset tokenization and digital export channels, providing legal clarity to local and international investors. In addition, the Pakistan Cryptocurrency Council, led by Saqib, also invited former Binance CEO Changpeng Zhao (CZ) as an advisor and signed a letter of intent with World Liberty Financial, a Trump-backed cryptocurrency project, at the end of April to accelerate Pakistan's adoption as one of the fastest-growing markets for the global crypto industry. At the same time, Pakistani regulators have recently proposed a regulatory framework for digital assets that comply with FATF regulations, emphasizing compliance with international standards. Federal Bureau of Investigation (FIA) Director Sumera Azam previously stated that the framework aims to balance technological progress with national security needs, laying the foundation for the robust development of the cryptocurrency ecosystem. Related reports India and Pakistan suddenly announced an "immediate ceasefire" to reopen their airspace, Trump invited credit: the United States facilitated Pakistan|local people's cryptocurrency assets reached $20 billion, exceeding the central bank's foreign exchange deposits Bloomberg estimates: Bitcoin consumes as much energy as "Pakistan" this year; This article was first published in BlockTempo's "Most Influential Blockchain News Media" by BlockTempo.