According to ShibDaily, Pakistan and El Salvador have officially established diplomatic relations with a focus on cryptocurrency collaboration, marking a significant bilateral partnership centered on digital assets. This move follows recent high-level discussions between the two nations aimed at advancing shared interests in blockchain technology and financial innovation. The partnership was formalized during a meeting in San Salvador between El Salvador’s President Nayib Bukele and Bilal Bin Saqib, the special assistant to Pakistan’s prime minister on crypto and blockchain. The discussions reportedly focused on exchanging expertise in digital asset infrastructure and policymaking, as Pakistan moves toward establishing a regulated framework for its crypto markets.
In June, Pakistan announced the allocation of 2,000 megawatts of electricity to support Bitcoin mining and artificial intelligence (AI) data centers, a decision that drew concerns from the International Monetary Fund (IMF). Saqib stated that this initiative is expected to attract interest from independent cryptocurrency miners, technology companies, and blockchain firms looking to invest in Pakistan. Meanwhile, El Salvador has maintained a strong pro-Bitcoin stance since adopting the cryptocurrency as legal tender in 2021, currently holding an estimated 6,240 Bitcoins in its reserves. As emerging economies like Pakistan and El Salvador strengthen their cooperation around Bitcoin and crypto regulation, it underscores a broader global trend toward embracing digital assets as legitimate financial instruments.
This growing acceptance opens up new opportunities for ecosystems like Shiba Inu, with Shibarium’s Layer 2 platform well-positioned to capture new users and liquidity from these markets actively adopting and innovating in crypto technology. Moreover, the collaboration between these countries highlights the necessity of clear, consistent regulatory frameworks to support sustainable growth in the digital asset space. For Shibarium’s developers, this serves as an important example of how establishing transparent policies can foster trust, encourage institutional and retail participation, and enable secure decentralized finance (DeFi) solutions. By learning from these international regulatory efforts, Shibarium can continue to build infrastructure that not only meets compliance standards but also drives global adoption and strengthens the resilience of the Shiba Inu ecosystem.
Cheng Yuan
Beincrypto
Bitcoinist
Coindesk
Cointelegraph