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 come under the scanner in both India and the United States, reports stated. The controversy surrounding the deal has raised eyebrows due to its alleged connections to Donald Trump’s family and Pakistan’s Army Chief Asim Munir.
According to a report by NDTV, the deal was signed earlier this month, with Pakistan Army Chief Asim Munir personally welcoming US officials who came to sign the agreement. The deal is said to have significant implications for Pakistan’s financial sector, as it paves the way for the country to adopt digital currencies like Bitcoin and other cryptocurrencies.
However, what has raised concerns 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 US crypto firm involved in the deal. This has led many to question the motives behind the agreement and whether it could potentially benefit the Trump family.
The report by NDTV further states that the deal is also being scrutinized in India, with many experts expressing concerns over the potential implications of such a deal on the country’s financial stability. India has been cautious about embracing cryptocurrencies, with the central bank, Reserve Bank of India (RBI), banning cryptocurrency transactions in 2018.
The controversy surrounding the deal has also raised questions about the role of Pakistan’s Army Chief Asim Munir in welcoming US officials to sign the agreement. This has led to speculation about the extent of the military’s involvement in Pakistan’s financial dealings.
Pakistan’s Crypto Council was established just last month, and the deal with WLF is seen as a significant step forward for the country’s crypto industry. However, the involvement of the Trump family and Pakistan’s Army Chief has raised eyebrows and has led to calls for further investigation into the deal.
In a statement, WLF claimed that the deal was a “historic moment” for the crypto industry and that it would help Pakistan’s financial sector “leapfrog” traditional payment systems. However, critics argue that the deal could potentially benefit the Trump family and Pakistan’s military at the expense of the country’s financial stability.
The controversy surrounding the deal has also raised questions about the potential implications for global financial stability. With cryptocurrencies becoming increasingly popular around the world, many experts are concerned about the potential risks and vulnerabilities of such deals.
In conclusion, the deal between Pakistan’s Crypto Council and WLF is a significant development in the world of cryptocurrencies, but it has also raised many questions and concerns. The involvement of the Trump family and Pakistan’s Army Chief Asim Munir has added to the controversy, and it remains to be seen how this deal will unfold in the coming weeks and months.
