Pakistan’s Bold Bitcoin Reserve May Face IMF Scrutiny

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When Pakistan Danced with Bitcoin: A Comedy of Errors and Loans! 💃💰

In a twist that even the most imaginative of writers could scarcely conjure, Pakistan has decided to wade into the murky waters of cryptocurrency with the audacity of a cat burglar in a laser-filled museum. Yes, you heard it right! The nation has announced its grand plans to establish a Strategic Bitcoin Reserve. One can only imagine the IMF’s reaction—perhaps a collective gasp followed by a dramatic fainting spell. 😱

Bitcoin Reserve Announcement

Now, let’s not forget that Pakistan is currently one of those charming IMF program countries, having recently received a cool $1 billion loan from the benevolent overlords at the IMF. It’s like borrowing money from your rich uncle, only to turn around and buy a shiny new sports car. What could possibly go wrong? 🤔

While the IMF has yet to issue a public reaction—perhaps they’re still recovering from the shock of it all—one can’t help but recall their past warnings to El Salvador. Those were the days! As the next program review looms ominously in the second half of 2025, one can only imagine the IMF’s reaction: “Oh, Pakistan, what have you done?”

Bilal Bin Saqib at Bitcoin Conference

At the recent Bitcoin Conference, the ever-enthusiastic Bilal Bin Saqib took the stage, unveiling Pakistan’s Bitcoin Reserve plans with the flair of a magician pulling a rabbit out of a hat. “Today is a very historic day,” he proclaimed, as if he were announcing the discovery of fire. “We want to thank the United States of America again because we were inspired by them.” Ah, yes, nothing says innovation like taking notes from the land of the free and the home of the brave! 🇺🇸

Interestingly, the official X page of the Pakistan Crypto Council referred to the head’s… well, let’s just say it’s a plot twist worthy of a soap opera. Stay tuned, folks! This saga is just getting started. Read more at Coingape.com.

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2025-05-29 17:18