ISLAMABAD — In a landmark event, Bilal Bin Saqib, Pakistan’s Minister of State for Crypto and Blockchain and CEO of the Pakistan Crypto Council, held an official meeting with El Salvador’s President Nayib Bukele in San Salvador. This marked the first-ever official interaction between a Pakistani government representative and the Salvadoran Head of State, focusing exclusively on Bitcoin and digital asset collaboration.
The finance ministry’s press release described the meeting as the dawn of “Biplomacy,” a new form of diplomacy combining Bitcoin and traditional state relations, highlighting the growing role of decentralized technologies in international affairs.
Discussions centered on El Salvador’s pioneering experience as the first country to adopt Bitcoin as legal tender and how Pakistan can leverage these insights to develop its own digital asset frameworks. Key topics included Bitcoin education, sovereign digital reserves, and regulatory innovation.
A key outcome was the signing of a Letter of Intent (LOI) between El Salvador’s Bitcoin Office and the Pakistan Crypto Council, formally establishing a cooperation platform for Bitcoin initiatives. This agreement sets the stage for collaboration on public sector Bitcoin adoption, blockchain-based financial inclusion, and policy development tailored to emerging economies.
Minister Bilal Bin Saqib stated, “El Salvador’s bold Bitcoin experiment has inspired governments worldwide. This visit marks the beginning of a strategic relationship rooted in innovation, inclusion, and shared learning.” President Bukele praised Pakistan’s proactive stance on digital assets and reaffirmed support for developing nations exploring Bitcoin as a tool for financial sovereignty.
This meeting coincides with Pakistan’s broader efforts to formalize its digital asset ecosystem, including the recent establishment of the Pakistan Virtual Assets Regulatory Authority (PVARA) and the announcement of a Strategic Bitcoin Reserve.
The interaction is being hailed as a milestone in technology-driven diplomacy, signaling Pakistan’s rising influence as a key player in global crypto innovation.
