Pakistan unveils crypto reserve plan seen as ploy to woo Trump

Islamabad appears to hope to influence trade talks with Washington

20250605 Pakistan Bitcoin

The Pakistani government has announced a plan to establish the Strategic Bitcoin Reserve, which some analysts see as an attempt to curry favor with the Trump administration. © Reuters

ADNAN AAMIR

ISLAMABAD -- Pakistan has unveiled a plan to establish a national crypto reserve, making the country an early adopter of digital currencies as a national asset.

However, the move faces a mounting backlash, with critics expressing concerns about a possible erosion of national wealth. The quickly taken decision is also seen as way to garner the favor of U.S. President Donald Trump.

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