New Crypto Pact: Pakistan And Kyrgyzstan Double Down On Blockchain

Pakistan and Kyrgyzstan have taken another step toward closer ties in crypto and blockchain. According to reports, the two countries held a high-level virtual meeting this month. Bilal Bin Saqib, Pakistan’s Minister of State for Crypto and Blockchain, spoke with Farkhat Aminov, Director of Kyrgyzstan’s National Investment Agency. They agreed to share know-how on digital finance, build joint rules for virtual assets, and push blockchain projects together . Deepening Crypto Ties Reports have disclosed that Pakistan wants a formal deal. The country has proposed a Memorandum of Understanding to cement cooperation in the crypto sector. Pakistan formed its Pakistan Crypto Council after appointing Bin Saqib as special adviser to Finance Minister Muhammed Aurangzeb. Bin Saqib now serves as CEO of the Council, while Aurangzeb acts as its chairman. Last month, US President Donald Trump signed off on Pakistan’s Virtual Assets Ordinance, 2025. That law sets up an independent regulator for cryptocurrencies and virtual assets. Bitcoin pioneer Michael Saylor praised Pakistan’s steps. He called it a sign that the country knows how to handle this new market. Reports have also highlighted plans for joint work on blockchain research. Both sides want to run training sessions, share studies, and test new finance tools. They talked about regulatory checklists, digital wallets, and how to protect investors. They agreed to meet again soon to iron out details and draft the MoU. Strengthening Trade Links Bilateral trade is already on the agenda. According to the Press Information Department of Pakistan, officials aim to boost annual trade volume to $100 million. In the fifth session of their Inter-Governmental Commission on Trade, both sides signed several economic and technical cooperation protocols. They want more exports, fresh imports, and revived joint business councils. They will hold trade fairs, B2B meetings, and business forums to spur deals. Reports say the two governments plan to improve regional routes. They will work on postal services, air links, rail lines, and cargo roads. Both sides see better transport as key to linking landlocked Kyrgyzstan with Pakistan’s ports. Based on reports, the next move is the formal MoU on crypto cooperation. Once signed, it will bind both governments to a shared rulebook. They hope that a clear law will attract global investors and protect local users. The Virtual Assets Ordinance, 2025, will guide that process. It spells out licensing rules, audit needs, and penalties for fraud. Featured image from Vecteezy, chart from TradingView