Hey everyone! 👋
I just read something super cool and wanted to share it with you all.
So guess what? Pakistan is creating its own Bitcoin Strategic Reserve! 😮💰 Yup, they’re planning to hold Bitcoin like they hold gold! Meanwhile, India is still figuring out what to do with crypto. Let’s break it down together. 👇
🚀 What’s Happening in Pakistan?
At the Bitcoin 2025 conference in Las Vegas, Bilal Bin Saqib, the CEO of Pakistan’s Crypto Council, made a big announcement.
“We are getting inspired by the U.S. government. We will be holding these Bitcoins and we will never, ever sell them.”
— Bilal Bin Saqib
🔗 Source
Pretty bold, right? 💪🇵🇰
Not only that, Pakistan is also giving 2,000 megawatts of electricity to support Bitcoin mining and AI data centers. That’s a LOT of power! ⚡
Read more here:
👉 Coindesk Article
😬 What About India?
India’s approach is very different. The government here is being super careful about crypto. Let’s look at what’s going on:
💸 Taxes Are HIGH
- 30% tax on any profit from Bitcoin or other crypto.
- 1% TDS (Tax Deducted at Source) on all transactions.
- You can’t use losses to reduce your taxes. Ouch! 😓
Check it here:
💡 CoinDCX Crypto Tax Guide
🏛️ Regulation is Still Confusing
India’s Supreme Court recently said that Bitcoin trading is almost like a “hawala” business and asked the government to make proper rules. 😮
“Trading more or less like a hawala business” — Supreme Court of India
📰 Full Article
Also, the government is reviewing its crypto stance because of changes happening globally (like in the U.S.). Read that here:
📖 Reuters
📊 Comparison Time!
| Feature | Pakistan 🇵🇰 | India 🇮🇳 |
|---|---|---|
| Bitcoin Reserve | ✅ Yes | ❌ No |
| Support for Mining | ✅ 2,000 MW power for mining ⚡ | ❌ None |
| Crypto Tax | 🔄 In development | 😖 30% + 1% TDS + no loss set-off |
| Legal Status | 🟡 Becoming positive | 🔴 Still unclear |
| Global Collaboration | 👏 Inspired by U.S. | 🤝 Wants global agreement |
🧠 My Thoughts
Pakistan is taking a bold step into the future of digital money. 💡💸
India is still being super careful, but maybe it’s time we also take a step forward and think bigger.
If Pakistan can do it, why can’t we? 🤔💭
Let’s hope our leaders make smart moves that help young people like us take part in this crypto future! 💻🌍
