Online reports, Bloomberg reports that Pakistan and El Salvador are establishing a knowledge-sharing partnership based on cryptocurrency. Bilal Ben Sakib, Special Assistant for Cryptocurrency and Blockchain for Pakistan, met with El Salvador President Nayb Bukel in San Salvador and outlined a shared partnership focusing on cryptocurrency. Pakistan is considering building a Bitcoin reserve and has allocated 2000 megawatts of electricity for Bitcoin mining. The federal government of Pakistan has also established the Pakistan Virtual Assets Regulatory Authority (PVARA) to supervise the country's digital asset industry. PVARA will serve as an independent regulatory authority responsible for licensing, supervising and managing virtual asset service providers while ensuring compliance with international standards, including compliance with relevant Financial Action Task Force (FATF) guidelines.