Title: Pak & Bitcoin suffer from bad PR: CEO of Pak crypto body linked to Trump-backed firm
The world of cryptocurrency has been marred by controversy, and Pakistan is no exception. The country’s cryptocurrency council, led by CEO Bilal bin Saqib, has recently spoken out about the negative publicity surrounding Pakistan and its association with Bitcoin. In an interview, Saqib stated that both Pakistan and Bitcoin have “suffered from bad PR” and are often viewed negatively due to a lack of understanding about the country and the digital currency.
The comments come at a time when the Pakistani cryptocurrency watchdog, the Pakistan Crypto Council, is facing scrutiny over its deal with World Liberty Financial, a company backed by US President Donald Trump. The deal has raised concerns among lawmakers in the United States, who are questioning the nature of the agreement and the potential risks it poses to the country’s financial system.
Saqib’s comments also highlight the challenges faced by Pakistan in promoting its image and reputation globally. The country has been plagued by conflict and terrorism in recent years, which has led to a negative perception of it among many people. Saqib believes that this perception is often based on a lack of understanding about the country and its people, and that Pakistan is “misrepresented” by the media.
“We’re not the only country that’s faced negative publicity, but I think we’re one of the most misunderstood countries in the world,” Saqib said in the interview. “We’re a country that’s been plagued by conflict and terrorism, and that’s all that people see. They don’t see the beauty, they don’t see the culture, they don’t see the people. They just see the conflict, and that’s a shame.”
Saqib’s comments are echoed by many in the cryptocurrency community, who believe that Bitcoin and other digital currencies have been unfairly maligned by the media and the public. Many people view Bitcoin as a risky and volatile investment, and there are concerns about its potential use in illegal activities such as money laundering and terrorist financing.
However, Saqib believes that these negative perceptions are based on a lack of understanding about Bitcoin and its potential benefits. He argues that Bitcoin has the potential to democratize access to financial services and provide a new way for people to invest and save.
“I think people are misunderstanding Bitcoin because they don’t understand it,” Saqib said. “They think it’s just a way to make quick money, but it’s so much more than that. It’s a way to give people access to financial services that they would otherwise not have. It’s a way to give people a way to invest and save that’s not tied to the traditional financial system.”
The deal between the Pakistan Crypto Council and World Liberty Financial has raised concerns among lawmakers in the United States, who are questioning the nature of the agreement and the potential risks it poses to the country’s financial system. World Liberty Financial is a company that is backed by US President Donald Trump, and there are concerns that the deal could be seen as a way for the Trump administration to exert influence over the Pakistani government.
The Pakistan Crypto Council has denied any wrongdoing and has stated that the deal is purely a commercial agreement that is designed to promote the development of the cryptocurrency industry in Pakistan. However, the deal has raised concerns among many in the cryptocurrency community, who believe that it could be seen as a way for the Pakistani government to exert control over the industry.
In conclusion, the comments by the CEO of the Pakistan Crypto Council highlight the challenges faced by Pakistan in promoting its image and reputation globally. The country has been plagued by conflict and terrorism in recent years, which has led to a negative perception of it among many people. Saqib believes that this perception is often based on a lack of understanding about the country and its people, and that Pakistan is “misrepresented” by the media.
The deal between the Pakistan Crypto Council and World Liberty Financial has raised concerns among lawmakers in the United States, who are questioning the nature of the agreement and the potential risks it poses to the country’s financial system. World Liberty Financial is a company that is backed by US President Donald Trump, and there are concerns that the deal could be seen as a way for the Trump administration to exert influence over the Pakistani government.
