Pak Crypto Deal with Links to Trump, Asim Munir Under Scrutiny in India & US: Report
The world of cryptocurrencies is no stranger to controversy, and the latest development in Pakistan has raised eyebrows in both India and the United States. A deal between Pakistan’s newly formed Crypto Council and US-based World Liberty Financial (WLF) has come under scrutiny, with reports suggesting that the agreement has links to the Trump family.
According to a report by NDTV, the deal was signed in the presence of Pakistan Army chief Asim Munir, who personally welcomed US officials who came to sign the agreement. The development has sparked concerns about the potential implications of the deal, not just for Pakistan but also for the US.
For the uninitiated, World Liberty Financial (WLF) is a US-based cryptocurrency firm that has recently partnered with Pakistan’s Crypto Council. The deal is reportedly worth millions of dollars, and it has been touted as a major step forward for the crypto industry in Pakistan.
However, what has raised eyebrows is the fact that US President Donald Trump’s sons, Eric and Trump Junior, and son-in-law Jared Kushner collectively own 60% of WLF. This has led to concerns that the deal may have been influenced by the Trump family’s involvement, and that Pakistan’s Crypto Council may have compromised its independence in the process.
The deal has also raised questions about the role of Asim Munir, Pakistan’s Army chief, in facilitating the agreement. His personal welcome to the US officials who signed the deal has been seen as a significant development, given the sensitive nature of the agreement.
In India, the deal has been viewed with skepticism, with many experts expressing concerns about the potential risks and implications of Pakistan’s crypto industry being linked to the Trump family. The Indian government has been cautious in its approach to cryptocurrencies, and the Pakistan deal has raised fresh concerns about the potential for money laundering and other illicit activities.
In the US, the deal has also sparked controversy, with some lawmakers calling for an investigation into the agreement. The Trump family’s involvement in WLF has raised questions about the potential for conflicts of interest and the influence of foreign investors in the US crypto industry.
The deal has also raised questions about the regulatory framework surrounding cryptocurrencies in Pakistan. The country’s Crypto Council was established just last month, and the deal has been seen as a major step forward for the industry. However, the involvement of WLF and the Trump family has raised concerns about the potential for regulatory capture and the impact on Pakistan’s crypto industry.
In conclusion, the deal between Pakistan’s Crypto Council and WLF has raised significant concerns about the potential implications of the agreement. The involvement of the Trump family and Pakistan’s Army chief Asim Munir has raised questions about the deal’s legitimacy and the potential for conflicts of interest. As the world of cryptocurrencies continues to evolve, it is essential that regulatory frameworks are put in place to ensure the integrity and transparency of the industry.
