Pak Crypto Deal with Links to Trump, Asim Munir Under Scrutiny in India & US: Report
In a recent development, a deal between Pakistan’s newly formed Crypto Council and US-based crypto firm World Liberty Financial (WLF) has come under scrutiny in both India and the United States. The controversy surrounding the deal has raised several eyebrows, with many questioning the involvement of US President Donald Trump’s family members and Pakistan Army chief Asim Munir.
As per a report by NDTV, the deal was signed in late October, with Pakistan’s Crypto Council and WLF agreeing to collaborate on various crypto-related projects. What has caught the attention of investigators, however, is the fact that US President Donald Trump’s sons Eric and Trump Junior, along with his son-in-law Jared Kushner, collectively own 60% of WLF.
The report also highlights that Pakistan Army chief Asim Munir personally welcomed US officials who had come to sign the deal. This has led to concerns about the potential implications of the deal on Pakistan’s military and political landscape.
The scrutiny of the deal has been intensified by India, which has been keeping a close eye on Pakistan’s crypto market. Indian investigators have been probing the deal, reportedly seeking information on the terms of the agreement and the potential benefits it could bring to Pakistan’s economy.
Meanwhile, in the US, the deal has raised concerns about potential money laundering and terrorist financing risks. The US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has been investigating the deal, seeking to determine whether it complies with anti-money laundering and counter-terrorism financing regulations.
The controversy surrounding the deal has also led to calls for greater transparency and accountability in Pakistan’s crypto market. Critics have argued that the deal could be used to facilitate illegal activities, such as money laundering and terrorist financing, and that Pakistan’s authorities must take concrete steps to ensure that the deal is fair and transparent.
In response to the controversy, Pakistan’s Crypto Council has issued a statement denying any wrongdoing and emphasizing the legitimate nature of the deal. The council has also sought to downplay concerns about the involvement of Trump’s family members, arguing that WLF is a reputable company with a strong track record of compliance with regulatory requirements.
Despite these assurances, the controversy surrounding the deal is unlikely to dissipate anytime soon. Both India and the US are likely to continue scrutinizing the deal, seeking to determine whether it complies with all relevant laws and regulations.
In conclusion, the deal between Pakistan’s Crypto Council and WLF has raised serious concerns in both India and the US. The involvement of Trump’s family members and Pakistan Army chief Asim Munir has added to the controversy, with many questioning the legitimacy of the deal. As the investigation continues, it is essential that Pakistan’s authorities take concrete steps to ensure that the deal is fair, transparent, and compliant with all relevant laws and regulations.
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