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) is under scanner in India and US, reports stated. The deal has raised eyebrows due to its links to US President Donald Trump’s family members, including his sons Eric and Trump Junior, and son-in-law Jared Kushner, who collectively own 60% of WLF. Furthermore, Pakistan Army chief Asim Munir’s personal involvement in welcoming US officials who came to sign the deal has added to the controversy.
According to a report by NDTV, the Pakistan Crypto Council, which was set up just a month ago, has signed a Memorandum of Understanding (MoU) with WLF to promote digital currency and blockchain technology in Pakistan. The deal was inked despite Pakistan being on the Financial Action Task Force (FATF) grey list for failing to effectively address terror financing and money laundering concerns.
The report highlights that WLF is a relatively small company with a limited footprint, but its links to Trump’s family members have raised concerns about the potential implications of the deal. Eric Trump, Trump Junior, and Jared Kushner collectively own 60% of WLF, according to a report by The New York Times. This raises questions about potential conflicts of interest and the potential for the deal to benefit Trump’s family members.
Moreover, the involvement of Pakistan Army chief Asim Munir in welcoming US officials who came to sign the deal has also sparked controversy. The report suggests that Munir’s personal involvement in the deal has raised questions about the military’s role in Pakistan’s cryptocurrency market.
The deal has attracted scrutiny in both India and the US, with many expressing concerns about the potential implications of the deal. Some have questioned the potential for the deal to benefit Trump’s family members, while others have raised concerns about the potential risks associated with Pakistan’s cryptocurrency market.
In India, the deal has raised concerns about the potential for money laundering and terror financing in Pakistan. The country has been a major source of concern for the global financial community due to its history of terror financing and money laundering. The deal has raised questions about whether the Pakistan Crypto Council is adequately equipped to regulate the cryptocurrency market and prevent the use of digital currencies for illicit activities.
In the US, the deal has raised concerns about the potential for Trump’s family members to benefit from the deal. The report suggests that Eric Trump, Trump Junior, and Jared Kushner have collectively invested significant sums in WLF, which has raised questions about their potential involvement in the deal.
The deal has also sparked concerns about the potential implications of the deal for the global cryptocurrency market. Some have questioned whether the deal will help to legitimize Pakistan’s cryptocurrency market, which has been plagued by regulatory uncertainty and a lack of transparency.
The controversy surrounding the deal has also raised questions about the role of the Pakistan Crypto Council in promoting digital currency and blockchain technology in the country. The council was set up just a month ago, and its role in promoting digital currency and blockchain technology is still unclear.
In conclusion, the deal between Pakistan’s barely month-old Crypto Council and US crypto firm World Liberty Financial (WLF) is under scrutiny in India and US due to its links to US President Donald Trump’s family members and Pakistan Army chief Asim Munir’s personal involvement. The deal has raised concerns about potential conflicts of interest, the potential for money laundering and terror financing in Pakistan, and the potential implications of the deal for the global cryptocurrency market.
