Pakistani crypto billionaire wants his country to be 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 (A...



When YouTube was banned in Pakistan, reality TV star Waqar Zaka ‘had no choice’ but to turn to Bitlanders – an artificial intelligence (AI) educational social platform – to monetize his content in Bitcoin (BTC). Cointelegraph interviewed Zaka for the latest episode of Crypto Stories to find out how this celebrity clashed with the Pakistani government.

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

When Pakistan’s tech-averse government banned Bitcoin in 2017, Zaka filed a petition against it and won. He took to social media to speak out against unconstitutional acts by the government, offer advisory support and encourage the people of Pakistan to invest in crypto. Zaka was then appointed to run the first crypto-mining farm to use hydropower in Pakistan for a short-lived venture.

While Bitcoin was still at $5,000, Zaka challenged the government to invest 1% of his budget and pledge his property. He was successful in getting the government to enact an ordinance that does not criminalize crypto mining or investing unless it is proven to be charged in illegal activities.

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Recently, Pakistani President Arif Alvi called for more training in blockchain technology, artificial intelligence and cybersecurity in a meeting with blockchain experts.