Do you have any idea as to what is happening in the world of 'biplomacy'? You know, the kind of diplomacy that's used to advance crypto goals. Well, Pakistan is leading the charge and in its latest efforts to establish itself as the crypto capital of the world, Pakistan has joined hands with Kyrgyzstan to promote bilateral cooperation along the lines of digital finance, blockchain technology and cryptocurrency. 

The federal government has been looking to accelerate the adoption and integration of cryptocurrencies into the national economy. Reports have revealed that stakeholders present at a high-profile meeting in Islamabad earlier this week were briefed about Virtual Assets Act,2025. The meeting was attended by representatives from exchange companies, banks, and the jewellery sector.

As per reports, Minister of State and Chief Executive Officer (CEO) of the Pakistan Crypto Council (PCC) Bilal bin Saqib held an online video conference with Director of the National Investment Agency of Kyrgyzstan Farukht Aminov. During the meeting, both sides discussed matters pertaining to technology exchange, development of virtual assets and also went over collaboration in regulatory frameworks. 

According to reports, Kyrgyzstan’s Director of the National Investment Agency outlined the importance of knowledge and experience sharing. The PCC’s CEO indicated that Kyrgyzstan could become an important partner for Pakistan with respect to the development and regulation of digital assets.

Moreover, reports reveal that the PCC’s CEO also shared his views regarding relations between the two countries, suggesting that relations between the two would be a strong  foundation in the digital economy of the future.

The online conference regarding virtual asset cooperation between the two countries pointed towards physical, tangible results in the coming periods. This is because both sides discussed the signing of  a memorandum of understanding (MoU) to boost cooperation in the cryptocurrency space. 

Reports reveal that both the PCC’s CEO and his Kyrgyzstani counterpart voiced their commitment to cooperating with the other to establish a modern, secure, and transparent digital economy. Moreover, both sides reportedly outlined the need for additional partnerships in Central and South Asia to promote blockchain and digital finance. 

This is not Pakistan’s first attempt to secure partnerships in the digital asset space as in June, the PCC’s CEO met with El Salvador’s President Nayib Bukele, and discussed forming a partnership to exchange knowledge on digital assets.

Aside from collaborating with Kyrgyzstan, entering into knowledge sharing agreements with El Salvador could yield positive results for Pakistan, as the South American country adopted Bitcoin as legal tender in September 2021. While it rolled back Bitcoin’s status as legal tender in January 2025, Pakistan could benefit from the knowledge El Salvador gained during its three-year “experiment”, regarding the integration of digital assets into the national economy.