In a landmark diplomatic first, Bilal Bin Saqib, Pakistan’s Minister of State for Crypto and Blockchain and CEO of the Pakistan Crypto Council, met with El Salvador’s President Nayib Bukele in San Salvador. This unprecedented official meeting between a Pakistani government representative and the Salvadoran Head of State focused entirely on Bitcoin and digital asset cooperation, heralding a new era dubbed “Biplomacy”—a fusion of Bitcoin and diplomacy reflecting decentralized technology’s rising role in international relations.
The discussion centered on El Salvador’s pioneering status as the first nation to adopt Bitcoin as legal tender and explored how Pakistan might leverage El Salvador’s experiences to shape its own digital asset frameworks. Key topics included Bitcoin education, sovereign digital asset reserves, and regulatory innovation.
A major outcome was the signing of a Letter of Intent (LOI) between El Salvador’s Bitcoin Office and the Pakistan Crypto Council. Signed by Minister Bilal, the LOI creates a formal channel for knowledge exchange and collaboration on Bitcoin initiatives including public sector adoption, blockchain-based financial inclusion, and policy development tailored for emerging economies.
Minister Bilal described the meeting as the start of a strategic partnership grounded in innovation and shared learning, while President Bukele praised Pakistan’s progressive approach to digital assets and reiterated El Salvador’s support for emerging economies pursuing Bitcoin for financial sovereignty.
This milestone aligns with Pakistan’s recent steps to regulate digital assets through the Pakistan Virtual Assets Regulatory Authority (PVARA) and the launch of its Strategic Bitcoin Reserve. The meeting marks Pakistan’s emergence as a key player in the future of global crypto diplomacy and innovation.
