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Regulate, Don’t Evade: The Bilal Bin Saqib Paradox

Pakistan’s Crypto Kingpin: Bilal Bin Saqib’s Wild Ride from NGO Hero to Regulatory Rockstar – Or Is It All Smoke and Mirrors?

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From Networking Savvy to Questionable Associations: The Warning Signs

Bilal’s prowess in building connections is undeniable; at his age, he’s already engaging with global heavyweights and advocating for Pakistan on international platforms—a commendable feat. Admirers argue: “Acquire more domain knowledge to understand his messaging… We should fully back him as blockchain adoption could turn out to be a game changer for Pakistan.” His efforts with the Pakistan Crypto Council (PCC), including involving his brother @MominSaqib, appear proactive, potentially smoothing the way for entities like Binance. But is this strategic foresight or mere window dressing? The tactics behind PCC’s initiatives warrant closer examination—#BinanceWatch, anyone?

However, the criticisms are hard to ignore. His resignation from a council amid these developments hints at potential conflicts, fueling doubts about transparency. His background often boils down to socializing in UK crypto circles—perhaps too enamored with affluent figures whose fortunes may not always stem from hard work. The crypto world is rife with smooth-talking opportunists, peddling jargon like “software update 2.0” as groundbreaking ideas.

Adding to the intrigue is Bilal’s personal style: that distinctive chamfered tooth lends a mischievous air, but it can come across as contrived rather than authentic, especially given his rapid ascent. The Forbes 30 Under 30 accolade? Often more about payments than pure merit. His brother Momin transitioned from student counseling to comedy and acting through mimicry skills, while their father, a grounded businessman, allows his sons’ spontaneous pursuits. Bilal’s earlier work with NGOs like Taiba—delivering innovative water solutions to remote communities—was genuinely impactful, but his pivot to crypto places him in a field notorious for figures like Waqar Zaka.

Public sentiment views crypto as a playground for TikTok influencers laundering political funds. Recall the $10 billion in Dubai property acquisitions by Pakistanis in 2024—that capital didn’t materialize out of thin air; it traversed shadowy channels. Momin’s affiliation with PMLN while imitating Imran Khan for online appeal feels disingenuous, and his collaborations with Bilal evoke suspicions of insider dealings, with Momin serving as the vocal promoter.

Flaunting wealth publicly is ill-advised, inviting unnecessary perils. As someone who teaches “Share of Voice” in marketing (we apply it even to coats), I advise Bilal to refine his communication to avoid misinterpretation. Prioritize discretion and maturity—your networking skills are top-tier, but without precise messaging, you risk blending into the crowd of opportunists.

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