Michael Saylor will serve as an advisor to help Pakistan establish a Bitcoin reserve program

ChainCatcher news, according to Cointelegraph, Strategy (formerly MicroStrategy) Executive Chairman Michael Saylor met with Pakistan's Finance Minister Muhammad Aurangzeb and Blockchain Minister Bilal Bin Saqib to discuss how Bitcoin can operate as a national reserve asset. Saylor expressed his willingness to serve as an advisor for Pakistan's cryptocurrency initiative.

Pakistan has recently shifted towards supporting cryptocurrency, establishing a cryptocurrency regulatory body last month and planning to create Bitcoin reserves. Minister Saqib stated that Pakistan should follow Saylor's approach of transforming Strategy into a Bitcoin purchasing tool.

The Pakistan Crypto Committee submitted a draft legal framework on June 6, and the Ministry of Finance agreed to expedite the approval process. The Pakistani government aims to lead the developing world in the growth and adoption of digital assets.