Pak crypto deal with links to Trump, Asim Munir under scrutiny in India & US: Report
A deal between Pakistan’s barely month-old Crypto Council and US crypto firm World Liberty Financial (WLF) has raised eyebrows in India and the United States, with reports suggesting that the agreement has links to President Donald Trump’s family. Notably, Pakistan Army Chief Asim Munir personally welcomed US officials who came to sign the deal, sparking concerns about the potential implications of this partnership.
According to a recent report by NDTV, the deal has been put under scrutiny by both Indian and US authorities, who are investigating the possible connections between the Pakistan Crypto Council, WLF, and the Trump family. The report states that US President Donald Trump’s sons Eric and Trump Junior, along with his son-in-law Jared Kushner, collectively own 60% of WLF.
The Pakistan Crypto Council, which was established just a month ago, is a government-backed initiative aimed at promoting the use of cryptocurrencies in the country. The council has been working closely with WLF to develop a cryptocurrency-based payment system, which is said to be linked to the US dollar.
However, the deal has raised concerns about the potential risks and implications of a partnership between a government-backed entity in Pakistan and a company with ties to the Trump family. Experts have expressed concerns that the deal could potentially compromise national security and create opportunities for money laundering and other financial crimes.
Pakistan Army Chief Asim Munir’s involvement in the deal has also sparked controversy, with many questioning the motives behind his personal welcome of US officials who came to sign the agreement. Munir’s involvement in the deal has been seen as a sign of the close ties between the Pakistani military and the Trump administration.
The Indian government has also taken notice of the deal and has launched an investigation into the matter. Indian authorities are said to be scrutinizing the deal to ensure that it does not compromise national security or create any financial risks for the country.
In the US, the deal has raised concerns about the potential impact on the country’s cryptocurrency regulations. The US has strict regulations in place to prevent money laundering and other financial crimes, and the deal has raised questions about whether WLF’s links to the Trump family could compromise these regulations.
The Pakistan Crypto Council has defended the deal, stating that it is a legitimate business arrangement that is aimed at promoting economic growth and development in Pakistan. However, the council has not addressed the concerns about Asim Munir’s involvement in the deal or the potential connections to the Trump family.
The controversy surrounding the deal highlights the need for greater transparency and accountability in the cryptocurrency sector. As the use of cryptocurrencies continues to grow, it is essential that governments and regulatory bodies take steps to ensure that these systems are secure and transparent.
In conclusion, the deal between Pakistan’s Crypto Council and WLF, with links to President Donald Trump’s family, has raised concerns in India and the US. The involvement of Pakistan Army Chief Asim Munir in the deal has also sparked controversy, and the Indian and US governments have launched investigations into the matter. The controversy highlights the need for greater transparency and accountability in the cryptocurrency sector, and it remains to be seen how the deal will ultimately unfold.
