Pak Crypto Deal with Links to Trump, Asim Munir Under Scrutiny in India & US: Report
In a significant development, a recently signed deal between Pakistan’s newly formed Crypto Council and a US-based crypto firm, World Liberty Financial (WLF), has come under the scanner in both India and the United States. The deal has raised eyebrows due to its alleged links to the Trump family, with US President Donald Trump’s sons Eric and Trump Junior and son-in-law Jared Kushner collectively owning 60% of WLF.
The Pakistan Crypto Council, established just a month ago, has been at the center of controversy since its inception. The council, comprising representatives from various Pakistani industries, aims to promote the use of cryptocurrencies in the country. However, its recent partnership with WLF has sparked concerns about the potential benefits and consequences of the deal.
According to reports, Pakistan Army Chief Asim Munir personally welcomed US officials who came to sign the deal. This move has raised questions about the military’s involvement in the deal and the potential impact on the country’s economy.
The deal has also drawn attention from both Indian and US authorities, who are scrutinizing the agreement to ensure that it complies with their respective laws and regulations. India, in particular, has been cautious about the growing use of cryptocurrencies, with the Reserve Bank of India (RBI) issuing a ban on cryptocurrency transactions in 2018.
The RBI’s decision was met with widespread criticism from cryptocurrency enthusiasts and investors, who argued that the ban was unjustified and would stifle innovation in the country. However, the Indian government has maintained that the ban was necessary to protect the country’s financial system from the risks associated with cryptocurrencies.
In the case of the Pakistan deal, experts have expressed concerns about the potential benefits and consequences of the agreement. Some have argued that the deal could provide a much-needed boost to Pakistan’s economy, which has been struggling to recover from years of economic instability.
However, others have raised questions about the transparency and accountability of the deal, given the involvement of the Trump family and the military in the agreement. They have also expressed concerns about the potential risks associated with the deal, including the possibility of money laundering and terrorist financing.
The controversy surrounding the deal has also raised questions about the role of the military in Pakistan’s economy. The country’s military has long been involved in various business ventures, including real estate and energy production. However, the military’s involvement in the crypto deal has raised concerns about the blurring of lines between the military and the government.
In conclusion, the deal between Pakistan’s Crypto Council and WLF is under scrutiny in both India and the US due to its alleged links to the Trump family and the military. While the deal could potentially provide a boost to Pakistan’s economy, it also raises concerns about transparency, accountability, and the potential risks associated with the agreement. As the situation continues to unfold, it remains to be seen whether the deal will ultimately benefit Pakistan or create more problems for the country.
