Pak Crypto Deal with Links to Trump, Asim Munir Under Scrutiny in India & US: Report
In a recent development that has raised eyebrows, a deal between Pakistan’s newly formed Crypto Council and US-based crypto firm World Liberty Financial (WLF) is under scrutiny in both India and the United States. The controversy surrounding the deal has sparked concerns about potential links to the Trump family and Pakistan’s army chief, Asim Munir.
According to a report by NDTV, the deal was signed in March, just a month after the Crypto Council was established in Pakistan. The report states that the deal involves WLF investing in Pakistan’s crypto market, with the Pakistani government aiming to promote digital assets and attract foreign investment.
What has raised concerns is the fact that WLF is owned by Donald Trump’s sons, Eric and Trump Junior, as well as his son-in-law, Jared Kushner. Collectively, they own 60% of the company. The involvement of the Trump family in the deal has drawn attention to potential conflicts of interest and allegations of nepotism.
Furthermore, the report highlights that Pakistan Army Chief Asim Munir personally welcomed US officials who were present at the signing of the deal. This has led to questions about the motives behind the Pakistani government’s decision to partner with WLF and whether it is a purely economic move or if there are other factors at play.
The deal has sparked concerns in both India and the US, with many questioning the implications of the partnership on the global crypto market. The Trump family’s involvement has raised concerns about potential conflicts of interest, particularly given the president’s history of dealings with foreign leaders.
In recent years, the Trump family has been embroiled in several controversies related to their business dealings, including allegations of tax evasion and money laundering. The involvement of Trump’s sons and son-in-law in WLF has raised concerns that the company may be used to further their own interests, rather than serving the interests of the Pakistani people.
The Pakistani government has maintained that the deal is a purely economic venture aimed at promoting digital assets and attracting foreign investment. However, critics argue that the deal may be part of a larger strategy to further Pakistan’s interests in the global crypto market.
Pakistan’s Crypto Council was established in February, and the deal with WLF was signed just a month later. The council is responsible for regulating and promoting the crypto industry in Pakistan, and many have questioned the speed and secrecy surrounding the deal.
The controversy surrounding the deal has sparked concerns about the potential for money laundering and terrorism financing, given the involvement of the Trump family and Pakistan’s history of financial mismanagement.
In a statement, a spokesperson for WLF denied any wrongdoing, stating that the company is committed to complying with all relevant laws and regulations. The Pakistani government also maintained that the deal is a legitimate economic venture and has nothing to do with politics or personal interests.
As the controversy surrounding the deal continues to unfold, it remains to be seen what implications it will have on the global crypto market and the relationship between Pakistan and the US.
