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Jakarta, Pintu News – The Pakistani government is considering utilizing the nation’s excess electricity capacity by allocating it for Bitcoin BTC0.58%->Current BTC PriceRp 1.432.587.2650.58%Market CapRp 33.034 TriliunTrading VolumeRp 1.590 TriliunCirculating SupplyRp 19.797.675 mining activities and the development of artificial intelligence AI0.60%->Current AI PriceRp 2.0280.60%Market Cap-Trading Volume-Circulating Supply- data centers. This initiative is expected to encourage technological innovation and optimize available energy resources.
Pakistan faces challenges in the energy sector, including high electricity tariffs and generation capacity that exceeds demand. The rapid growth of solar energy has complicated the situation, as more consumers turn to alternative energy sources to reduce costs. This has prompted the government to look for solutions to utilize excess electricity productively.
Bilal Bin Saqib, CEO of Pakistan Crypto Council and advisor to the finance minister, stated that the location of mining centers will be determined based on the availability of surplus electricity in a particular region. The move aims to ensure efficiency in energy usage and support the growth of the tech sector in the country.
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Changpeng Zhao, founder of Binance, has been appointed as a strategic advisor to the Pakistan Crypto Council. His role includes supporting blockchain infrastructure, advising on the regulatory framework, and assisting in national initiatives such as digital currency, mining, and blockchain technology education for the younger generation.
Although Zhao was previously sentenced to a four-month prison term in the United States for violating anti-money laundering laws, his involvement is expected to make a positive contribution to the development of Pakistan’s digital ecosystem. His presence reflects the country’s efforts to integrate international experience in building a strong technological foundation.
Pakistan has around 15-20 million crypto users and ranks high in the global crypto adoption and freelancing economy. Saqib emphasized the importance of creating a regulatory environment that supports innovation, such as a regulatory sandbox, to encourage the growth of the fintech sector and freelance economy.
By upskilling the younger generation in blockchain and AI, Pakistan could potentially create new jobs and boost digital exports. The move could also position the country as a global tech talent hub, strengthening its role in the world’s digital economy.
Pakistan’s initiative to utilize surplus electricity through Bitcoin mining and AI data center development reflects an innovative strategy in dealing with energy and economic challenges. With an integrated approach and support from various parties, the country is working towards building a sustainable and globally competitive digital ecosystem.
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See Assets in This Article
0.6%
0.6%
Bitcoin Price (24 Hours)
Market Capitalization
Rp 33.034 Triliun
Global Volume (24 Hours)
Rp 1.590 Triliun
Circulating Supply
Rp 19.797.675