Pak Crypto Deal with Links to Trump, Asim Munir Under Scrutiny in India & US: Report
A recent development in Pakistan’s burgeoning crypto market has raised eyebrows in both India and the United States. According to reports, a deal between Pakistan’s newly formed Crypto Council and US-based World Liberty Financial (WLF) is under scrutiny, with concerns surrounding its ties to the Trump family and Pakistan’s Army Chief, Asim Munir.
The deal, reportedly signed in November, aims to promote the growth of Pakistan’s crypto industry by allowing WLF to invest in the country’s digital assets. However, what has sparked controversy is the fact that US President Donald Trump’s sons, Eric and Trump Junior, along with his son-in-law, Jared Kushner, own a combined 60% stake in WLF.
The involvement of the Trump family has raised questions about potential conflicts of interest and whether the deal was secured through any undue influence. Furthermore, the personal involvement of Pakistan Army Chief, Asim Munir, in welcoming US officials who came to sign the deal has also come under scrutiny.
Pakistan’s Crypto Council, established just a month prior to the signing of the deal, has been criticized for its lack of transparency and accountability. Many have expressed concerns that the Council’s close ties to the government and military may compromise its ability to function independently and protect the interests of Pakistani citizens.
The deal has also drawn attention from lawmakers in the United States, with some calling for an investigation into the matter. “This deal raises serious questions about the potential for corrupt practices and the use of public office for personal gain,” said Senator Chris Murphy, a Democrat from Connecticut.
In India, the development has sparked concerns about the potential impact on the country’s own crypto market. “We need to ensure that our crypto regulations are robust enough to prevent any potential abuses,” said Dr. Ajay Bhushan Pandey, Chairman of the Indian government’s Blockchain and Cryptocurrency Committee.
The controversy surrounding the deal has highlighted the need for greater transparency and accountability in the crypto industry, particularly when it comes to deals involving high-profile individuals and organizations. As the global crypto market continues to evolve, it is essential that regulatory bodies and governments take a proactive approach to ensuring that the interests of citizens are protected.
