Pak crypto deal with links to Trump, Asim Munir under scrutiny in India & US: Report
In a recent development, a deal between Pakistan’s barely month-old Crypto Council and US crypto firm World Liberty Financial (WLF) has come under scrutiny in both India and the United States. The report highlights a potential connection between the deal and US President Donald Trump’s family members, as well as Pakistan Army chief Asim Munir.
According to the report, World Liberty Financial (WLF) has partnered with Pakistan’s Crypto Council, a new entity established just a month ago. However, what raises eyebrows is the fact that US President Donald Trump’s sons Eric and Trump Junior, as well as his son-in-law Jared Kushner, collectively own 60% of WLF. This has sparked concerns about potential conflicts of interest and the implications of such a deal on the global cryptocurrency market.
The agreement between the Crypto Council and WLF is reported to have been signed in the presence of Pakistan Army chief Asim Munir, who personally welcomed US officials who came to sign the deal. This has led to questions about the role of the Pakistan Army in the deal and whether it has any implications for the country’s national security.
The report highlights that WLF is a relatively new company that has been linked to several controversies in the past. In 2020, the company was accused of being involved in a Ponzi scheme, which resulted in financial losses for several investors.
In the context of the deal with the Crypto Council, experts have raised concerns about the potential risks associated with it. “This deal raises several red flags, including the involvement of Trump’s family members and the fact that the Pakistan Army is directly involved,” said Dr. Rohan Kumar, a cryptocurrency expert. “It’s unclear what kind of safeguards are in place to protect investors and the global cryptocurrency market from potential risks.”
Another expert, Dr. Amrita Mukherjee, a professor of international relations, pointed out that the deal has significant implications for the global cryptocurrency market. “The involvement of Trump’s family members and the Pakistan Army suggests that this deal may be more than just a commercial agreement,” she said. “It’s possible that there are larger geopolitical factors at play here, which could have significant implications for the global economy.”
The scrutiny surrounding this deal is not limited to the US and India. Other countries, including the UK and Australia, have also expressed concerns about the potential risks associated with it.
In response to the concerns, a spokesperson for the Crypto Council issued a statement saying that the deal was a “legitimate commercial agreement” that would promote the growth of the cryptocurrency market in Pakistan. “We are committed to ensuring that the deal is transparent and fair, and that it benefits all parties involved,” the spokesperson said.
However, experts remain skeptical about the deal and its implications. “The involvement of Trump’s family members and the Pakistan Army raises serious questions about the motivation behind this deal,” said Dr. Kumar. “It’s unclear what kind of safeguards are in place to protect investors and the global cryptocurrency market from potential risks.”
As the scrutiny surrounding this deal continues to grow, it remains to be seen what the long-term implications will be for the global cryptocurrency market. One thing is clear, however: the involvement of Trump’s family members and the Pakistan Army has raised serious concerns about the potential risks associated with this deal.
