Pak crypto deal with links to Trump, Asim Munir under scrutiny in India & US: Report
A recent report has brought to the forefront a deal between Pakistan’s newly formed Crypto Council and US-based World Liberty Financial (WLF), a development that has raised eyebrows in both India and the United States. What makes this deal even more intriguing is the involvement of US President Donald Trump’s family members and the Pakistan Army chief, Asim Munir.
According to the report, the deal involves a significant stake in the Pakistan-based Crypto Council, which was established just a month ago. The council aims to promote the growth and development of the cryptocurrency industry in Pakistan. World Liberty Financial (WLF), a US-based company, has partnered with the Crypto Council to bring its expertise and resources to the Pakistani market.
However, what has caught the attention of both Indian and US authorities is the ownership structure of WLF. It has been reported that Eric and Donald Trump Jr., the sons of US President Donald Trump, and his son-in-law Jared Kushner collectively own 60% of the company. This has raised questions about the potential conflicts of interest and the motives behind the deal.
Furthermore, the report highlights that Pakistan Army chief Asim Munir personally welcomed US officials who came to Pakistan to sign the deal. This has sparked concerns about the potential involvement of the Pakistani military in the deal and the impact it may have on the country’s economy.
The deal has been put under scrutiny due to the lack of transparency surrounding the ownership structure of WLF and the potential benefits it may bring to the Pakistani people. Critics have pointed out that the deal may be a way for the Trump family to gain access to Pakistan’s vast resources and markets, rather than promoting the growth of the cryptocurrency industry.
In a statement, a spokesperson for the Crypto Council denied any wrongdoing, stating that the deal was “transparent and above board”. However, the lack of clear information about the deal has only added to the speculation and controversy surrounding it.
The deal has also raised questions about the potential impact on the Indian cryptocurrency industry. India has been a significant player in the global cryptocurrency market, with many Indian companies and investors showing interest in the space. The involvement of Trump’s family members and the Pakistani military in the deal has raised concerns about the potential competition it may bring to Indian companies and the potential impact on the country’s economy.
The Indian government has been cautious in its approach to the cryptocurrency industry, with a ban on cryptocurrencies such as Bitcoin and Ethereum in 2018. However, in recent years, the government has taken a more relaxed stance, with many Indian companies and investors showing interest in the space.
The deal has also raised questions about the potential impact on the US-Pakistan relationship. The US has been critical of Pakistan’s military spending and human rights record, and the involvement of Trump’s family members in the deal has raised concerns about the potential impact on the country’s relations with Pakistan.
In conclusion, the deal between the Pakistan Crypto Council and World Liberty Financial has brought to the forefront many questions and concerns. The involvement of Trump’s family members and the Pakistani military has raised suspicions about the motives behind the deal and the potential impact it may have on the economy and the people of Pakistan. As the controversy surrounding the deal continues to unfold, it remains to be seen what the future holds for the Pakistani cryptocurrency industry and the US-Pakistan relationship.
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