Pakistan Confirms Plans to Launch National Stablecoin to Collateralize Debt

Bilal Bin Saqib, Chairman of Pakistan's Virtual Assets Regulatory Authority, joins CoinDesk Live, presented by Celo, from Binance Blockchain Week. He discusses the nation's new mandate to accelerate crypto adoption and bring clarity to the market. Additionally, Saqib details government plans to launch a stablecoin and leverage Bitcoin mining to secure sovereign compute for Pakistan's massive, tech-savvy youth population. - Timestamps: 00:35 - The State of Crypto in Pakistan 03:11 - Pakistan’s Plan to Use Excess Energy for Bitcoin Mining and AI 04:15 - The Plan to Launch a Stablecoin and CBDC 05:47 - How the Chairman Got Into Crypto - #cryptocurrency #digitalfinance #finance #bitcoin #crypto - Subscribe to CoinDesk on YouTube: https://www.youtube.com/user/CoinDesk?sub_confirmation=1 CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community. Twitter: https://www.twitter.com/coindesk LinkedIn: https://www.din.com/company/coindesk Instagram: https://www.instagram.com/coindesk Facebook: https://www.facebook.com/CoinDesk Newsletters: https://www.coindesk.com/newsletters CoinDesk Podcast Network: https://open.spotify.com/show/2jyIhkvAQhed8AWDZiPpSP