Pakistan and Kyrgyzstan have agreed to enhance bilateral cooperation in the fields of cryptocurrency, blockchain technology, and digital finance. The development was announced through a report by the state-run Pakistan Television (PTV) on Saturday, marking a notable step forward for regional digital financial integration and innovation.
This move comes amid Pakistan’s recent momentum toward integrating virtual assets into its financial framework. In March, the government supported the launch of the Pakistan Crypto Council (PCC), aimed at regulating and promoting cryptocurrency use and blockchain innovations across the country’s economy. The PCC initiative signifies Pakistan’s intention to transition its financial landscape toward more digitally inclusive models, particularly within banking, foreign exchange, and commodities sectors such as gold trading.
The recent progress was driven by a high-level virtual meeting between Pakistan’s Minister of State for Crypto and Blockchain, Bilal bin Saqib, and Director of the National Investment Agency of Kyrgyzstan, Farukht Aminov. During the meeting, both officials highlighted the importance of technological collaboration, policy development, and regulatory synergy in the rapidly evolving digital finance landscape.
According to PTV, both sides agreed on the urgency to develop virtual assets and encouraged the exchange of knowledge, technical experience, and global best practices to ensure the establishment of a safe and effective regulatory environment. Farukht Aminov emphasized that international cooperation and the sharing of expertise are key to accelerating blockchain and crypto adoption in the region.
Bilal bin Saqib underscored the potential of Kyrgyzstan as a strategic partner for Pakistan in this transformation. He stated that the two nations share a forward-looking relationship that can serve as a cornerstone for the digital economies of Central and South Asia. He stressed that the collaboration is not just a bilateral initiative but part of a broader regional vision to strengthen digital financial infrastructure and innovation.
The meeting concluded with discussions on formalizing the partnership through a memorandum of understanding (MoU), which would solidify regulatory and technological cooperation in the crypto space. Both parties reiterated their commitment to establishing a secure, transparent, and future-ready digital economy through continuous engagement and policy alignment.
In a related development, President Asif Ali Zardari had approved the “Virtual Assets Ordinance, 2025” in July, paving the way for the creation of an independent regulatory authority dedicated to overseeing cryptocurrencies and other virtual assets in Pakistan. This ordinance is seen as a foundational step in the institutionalization of crypto assets within Pakistan’s economic ecosystem.
Additionally, global crypto advocate and Bitcoin pioneer Michael Saylor has previously praised Pakistan’s efforts in adopting digital asset technologies, further validating the country’s positioning on the international cryptocurrency map.
As Pakistan and Kyrgyzstan align their strategies and deepen technological ties, the regional outlook for blockchain and digital finance appears increasingly promising. Their partnership signals a commitment to collaborative innovation in an area poised to redefine how economies function in the digital age.