Pakistan and Kyrgyzstan are deepening their collaboration in cryptocurrency and blockchain technology,following a high-level virtual meeting this month.
Bilal Bin Saqib, Pakistan’s Minister of State for Crypto and blockchain, met with Farkhat Aminov, Director of Kyrgyzstan’s National Investment Agency. They committed too sharing expertise in digital finance,developing unified regulations for virtual assets and jointly advancing blockchain initiatives.
Deepening Crypto Ties
Pakistan has proposed a formal Memorandum of Understanding to solidify this cooperation in the crypto sector.
Following the appointment of Bin Saqib as special adviser to Finance Minister Muhammed Aurangzeb, Pakistan established the Pakistan Crypto Council. Bin Saqib now leads the Council as CEO, with Aurangzeb serving as chairman.
The United States President Donald Trump approved Pakistan’s Virtual Assets Ordinance, 2025, last month. This legislation establishes an independant regulatory body for cryptocurrencies and virtual assets.
Bitcoin pioneer Michael Saylor commended Pakistan’s actions, viewing them as an indicator of the nation’s understanding of this emerging market.
Plans are also underway for collaborative blockchain research, including training sessions, shared studies and the testing of new financial instruments.
Discussions covered regulatory frameworks, digital wallets and investor protection measures. A follow-up meeting is scheduled to finalize details and draft the MoU.
Strengthening Trade Links
Bilateral trade enhancement is also a key objective, with officials aiming to increase annual trade volume to $100 million, according to Pakistan’s Press Information Department.
During the fifth session of their Inter-Governmental Commission on Trade, both nations signed several protocols for economic and technical cooperation. They intend to boost exports, facilitate imports and revitalize joint business councils through trade fairs, B2B meetings and business forums.
The governments plan to improve regional connectivity, focusing on postal services, air routes, rail lines and cargo roads. Enhanced transportation is seen as crucial for linking landlocked Kyrgyzstan to Pakistan’s ports.
The formal MoU on crypto cooperation is the next step. Upon signing, it will establish a shared regulatory framework, intended to attract global investors and safeguard local users through clear legislation.
The Virtual Assets Ordinance, 2025, will govern this process, outlining licensing requirements, audit mandates and penalties for fraudulent activities.
Featured image from Vecteezy, chart from TradingView
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