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 ties to Donald Trump’s family. The report has sparked concerns about potential conflicts of interest and raises questions about the involvement of Pakistan’s military chief, Asim Munir.
According to a report by NDTV, the deal was signed in November, but it has only recently come to light. The Pakistan Crypto Council is a newly formed entity that aims to promote the country’s cryptocurrency industry. WLF, on the other hand, is a US-based firm that focuses on cryptocurrency and blockchain technology.
What has caught the attention of regulators and observers is 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 raised concerns about potential conflicts of interest, given the close ties between the Trump family and the US government.
Moreover, Pakistan Army chief Asim Munir personally welcomed US officials who came to sign the deal, which has further fueled speculation about the involvement of the country’s military in the agreement. The Pakistani government has maintained that the deal is purely a commercial arrangement and does not involve any political or military interests.
However, the involvement of the military chief in welcoming US officials has led to questions about the extent of the military’s role in the deal. Pakistan has a history of military involvement in the country’s economy, and critics have long accused the military of exerting undue influence over the government.
The deal has also raised concerns about the lack of transparency surrounding the agreement. The terms of the deal have not been made public, and there is little information available about what kind of benefits WLF will receive from the partnership.
In India, the deal has sparked concerns about potential money laundering and terrorist financing risks. The country’s central bank, the Reserve Bank of India, has been cracking down on cryptocurrency transactions in recent years, citing concerns about the anonymity of such transactions.
The Indian government has also been accused of being slow to respond to the growing popularity of cryptocurrencies, with many experts calling for greater regulation and oversight of the industry.
In the United States, the deal has raised concerns about potential conflicts of interest and the lack of transparency surrounding the agreement. The Trump family’s involvement in WLF has raised eyebrows, given the former president’s history of using his family’s business connections to promote his own interests.
The deal has also sparked concerns about the potential impact on the global cryptocurrency market. The Pakistan government has been promoting the country’s cryptocurrency industry in recent years, and the deal with WLF could potentially attract more foreign investment to the sector.
However, the involvement of the Trump family and the Pakistani military in the deal has raised concerns about the potential for political interference in the industry.
In conclusion, the deal between Pakistan’s Crypto Council and WLF has sparked concerns about potential conflicts of interest and the lack of transparency surrounding the agreement. The involvement of the Trump family and Pakistan’s military chief in the deal has raised questions about the potential for political interference in the industry.
As the global cryptocurrency market continues to grow, it is essential that regulators and observers remain vigilant about potential risks and ensure that the industry is transparent and accountable.
