ISLAMABAD: Pakistan and Kyrgyzstan have agreed to enhance bilateral cooperation in cryptocurrency, blockchain technology, and digital finance, state broadcaster Pakistan Television (PTV) reported on Saturday.
The two countries discussed technology exchange, regulatory alignment, and potential partnerships aimed at fostering innovation and establishing a secure, transparent digital economy.
The Pakistani government has lately seemed willing to fast-track the adoption of cryptocurrencies for banks, foreign exchange companies and gold trading.
In March, the Pakistan Crypto Council (PCC) was launched, which was a government-backed initiative to regulate, foster, and integrate blockchain and cryptocurrency innovations into the country’s financial and economic framework.
“A high-level video conference was held between Minister of State for Crypto and Blockchain Bilal bin Saqib and Director of the National Investment Agency of Kyrgyzstan Farukht Aminov,” PTV reported.
“Both sides emphasised the development of virtual assets, technology exchange, and cooperation in regulatory frameworks,” according to PTV.
The Kyrgyz director highlighted the importance of exchanging information, experiences and best global practices.
Bilal bin Saqib said Kyrgyzstan can become a key partner in innovation and regulation in digital assets. He described Pakistan-Kyrgyzstan relations as a strong foundation in the digital economy of the future.
The two sides also discussed the signing of a memorandum of understanding (MoU) for formal cooperation in the crypto sector.
The participants expressed their commitment to continue bilateral cooperation for the establishment of a secure, transparent and modern digital economy.
The participants of the video conference also agreed that there is a need for regional partnerships to promote blockchain and digital finance in Central and South Asia.
In July, Pakistan’s President Asif Ali Zardari approved the “Virtual Assets Ordinance, 2025” to establish an independent regulator for virtual assets and cryptocurrencies.
Bitcoin pioneer Michael Saylor has also previously lauded Pakistan’s efforts to move towards cryptocurrency and digital assets.
