The post Pakistan Sets 2,000 Megawatts for Bitcoin Mining Amid IMF Scrutiny and Regulatory Advances appeared on BitcoinEthereumNews.com.

Pakistan is making significant strides in the cryptocurrency sector, as reported by Cointelegraph on May 31st. The government intends to allocate 2,000 megawatts of electricity specifically for Bitcoin mining and AI data centers, a capacity that parallels that of two sizeable power plants. This ambitious plan comes amid scrutiny from the International Monetary Fund (IMF), which has requested clarity from the Ministry of Finance regarding the legality of such initiatives. This inquiry could potentially affect the ongoing negotiations for a $3 billion loan package to stabilize Pakistan’s economy. Moreover, on May 21st, the establishment of the Pakistan Digital Assets Authority (PDAA) was greenlit by the Ministry of Finance. This regulatory body is set to operate within the framework established by FATF standards, overseeing exchanges, stablecoins, and Decentralized Finance (DeFi) platforms. In a notable development, Prime Minister’s crypto advisor Bilal bin Saqib announced plans for a national Bitcoin strategic reserve during the recent Bitcoin 2025 conference. Earlier this year, a National Crypto Council was formed, indicating Pakistan’s commitment to embracing digital assets. Source: https://en.coinotag.com/breakingnews/pakistan-sets-2000-megawatts-for-bitcoin-mining-amid-imf-scrutiny-and-regulatory-advances/

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Filed under: News - @ May 31, 2025 11:24 am