Watch online videos to purchase Bitcoins, says Pakistan’s crypto chief

Bilal bin Saqib, the head of Pakistan’s newly established virtual assets regulator, has come under criticism after publicly advising citizens to ‘watch videos’ to buy Bitcoin, even as millions of Pakistanis remain exposed to unregulated peer-to-peer crypto markets. “I am not a financial advisor, but if you still want to buy Bitcoins. There are multiple videos through which 30-40 million people have started buying digital assets. So, you should go in the same way,” said Saqib, in a recent interview with a private news channel. The response from Saqib, head of the Pakistan Virtual Assets Regulatory Authority PVARA, drew widespread criticism on social media. “Not just this, I think Pakistan should start preparing for 2050, because everything that we know and understand is being redefined. We have to get out of this conventional wisdom and focus on the knowledge of emerging technologies,” he said.