Pakistani crypto billionaire wants his country to become less reliant on credit


When YouTube was banned in Pakistan, reality TV star Waqar Zaka had “no choice” but to turn to Bitlanders — an artificial intelligence (AI) social education platform — to monetize his content into Bitcoin (Bitcoin). Cointelegraph interviewed Zaka for the latest episode of Crypto Stories to find out how this celebrity took on the Pakistani government.

Zaka claimed that the capital gains he earned in Bitcoin were “nothing” compared to his YouTube earnings, but that no one believed in the origins of his newfound financial freedom. Aiming to make his native country of Pakistan crypto rich, he decided to swap his media and entertainment work for Bitcoin study materials.

When the anti-tech Pakistani government banned bitcoin in 2017, Zaka petitioned against it and won. He took to social media to speak out against the government’s unconstitutional actions, offer advisory support and encourage the Pakistani people to invest in crypto. Zaka was then hired to lead the first crypto mining farm using hydroelectric power in Pakistan for a short-lived venture.

When Bitcoin was still at $5,000, Zaka asked the government to invest 1% of their budget and pledge his property as collateral. He managed to get the government to issue an executive order that would not criminalize mining or investing in crypto unless charged with verifiably illegal activities.

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Pakistan’s President Arif Alvi recently called for more Training in blockchain technology, artificial intelligence and cyber security at a meeting with blockchain experts.