Pak Crypto Deal with Links to Trump, Asim Munir Under Scrutiny in India & US: Report
A recent report has raised eyebrows in India and the United States, as a deal between Pakistan’s newly formed Crypto Council and US-based World Liberty Financial (WLF) is under scrutiny. The deal has sparked concerns due to its links to US President Donald Trump’s family members, as well as the involvement of Pakistan’s Army Chief Asim Munir.
According to the report, the deal was signed in October, barely a month after the Crypto Council was established in Pakistan. The council is responsible for regulating and promoting the cryptocurrency industry in the country. World Liberty Financial, on the other hand, is a US-based firm that focuses on cryptocurrency trading and investment.
What makes this deal significant 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 World Liberty Financial. This has raised questions about potential conflicts of interest and the potential impact on Pakistan’s cryptocurrency industry.
Adding fuel to the fire is the involvement of Pakistan’s Army Chief Asim Munir in the deal. Reports suggest that Munir personally welcomed US officials who came to sign the deal, sparking concerns about the involvement of the military in the country’s cryptocurrency sector.
The deal has been met with skepticism in India, with many questioning the motivations behind it. “It’s a classic case of money laundering,” said an Indian expert on cryptocurrency, who wished to remain anonymous. “The Trump family is known for their shady business dealings, and this deal is just another example of that.”
In the US, the deal has raised eyebrows on Capitol Hill, with some lawmakers calling for an investigation into the matter. “This deal raises serious questions about the potential for money laundering and other illegal activities,” said a US Senator, who wished to remain anonymous. “We need to get to the bottom of this and ensure that it’s not a case of ‘crony capitalism’.”
The deal has also sparked concerns about the potential impact on Pakistan’s cryptocurrency industry. “This deal is a clear case of favoritism,” said a Pakistani cryptocurrency entrepreneur, who wished to remain anonymous. “It’s a slap in the face to all the hardworking entrepreneurs in Pakistan who are trying to make a name for themselves in the industry.”
Despite the controversy surrounding the deal, officials from both countries have maintained that it is a legitimate business transaction. “This deal is a major milestone for Pakistan’s cryptocurrency industry,” said a spokesperson for the Crypto Council. “We are committed to working with international partners to promote the growth of the industry in Pakistan.”
World Liberty Financial has also released a statement denying any wrongdoing. “We are committed to transparency and compliance with all relevant regulations,” said a spokesperson for the company. “This deal is a legitimate business transaction that benefits both parties involved.”
As the controversy surrounding the deal continues to unfold, it remains to be seen how it will impact Pakistan’s cryptocurrency industry and the country’s relations with the US.
