Crypto Stories: Pakistani crypto billionaire wants his country to be less reliant on credit

Reality TV star Waqar Zak was forced to use Bitlanders, an artificial intelligence (AI), educational social platform, to monetize his content using Bitcoin (BTC) after YouTube was banned in Pakistan. Cointelegraph spoke with Zaka about his experience against the Pakistani government for the Crypto Stories episode.

Zaka claimed that his Bitcoin capital gains were “nothing” compared to his YouTube earnings. However, no one believed in his newfound financial freedom. He decided to trade his media and entertainment work in order to make his country, Pakistan, crypto-rich.

Zaka was the one who filed a petition to stop the ban on Bitcoin by the tech-averse Pakistani government in 2017. Zaka took to social media to voice his disapproval of the government’s actions, offer advice and encourage Pakistani citizens to invest in crypto. Zaka was appointed to manage the first crypto mining farm that used hydropower in Pakistan. This venture was short-lived.

Zaka challenged the government when Bitcoin was still at $5,000 to put up his property and invest 1% of its budget. Zaka succeeded in obtaining an order from the government that doesn’t criminalize crypto mining and investing, unless it is proven that illegal activities were invoiced.

Similar: Crypto Stories: The popularity of the Spells of Genesis card-game is booming as sales soars

At a meeting with experts in the field, Pakistan’s President Arif alvi demanded more training in Blockchain technology, artificial intelligence, and cybersecurity.

2021's Most Anticipated Growth & Wealth-Building Opportunity

Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together

Eileen Wilson

Eileen Wilson –Technology and Energy My Name is Eileen Wilson with more than 5 years of experience in the Stock market industry, I am energetic about Technology news, started my career as an author then, later climbing my way up towards success into senior positions. I can consider myself as the backbone behind the success and growth of with a dream to expand the reach out of the industry on a global scale. I am also a contributor and an editor of the Technology and Energy category. I experienced a critical analysis of companies and extracted the most noteworthy information for our vibrant investor network.

Close Bitnami banner