Pak & Bitcoin Suffer from Bad PR: CEO of Pak Crypto Body Linked to Trump-Backed Firm
In a recent interview, Bilal bin Saqib, the CEO of the Pakistan Crypto Council, lamented that Pakistan and Bitcoin have been victims of bad publicity. He claimed that both entities have been misrepresented by the media and public, and that this negative perception is a major obstacle to their growth and adoption. This statement comes amidst controversy surrounding the Pakistan Crypto Council’s partnership with World Liberty Financial, a firm backed by US President Donald Trump.
Saqib’s comments were made during an interview with a leading news publication, in which he emphasized that Pakistan and Bitcoin are not as bad as people make them out to be. He argued that the country’s image has been tarnished by negative media coverage, which focuses on the conflict-ridden regions rather than the country’s overall progress.
“Pakistan and Bitcoin have both suffered from bad PR,” Saqib stated. “People see Pakistan through the lens of conflict, but that’s not the whole story. We’re a country with a rich history and culture, and we’re making significant progress in various fields, including technology and finance.”
Saqib also drew parallels between Pakistan’s image and that of Bitcoin, which he believes has been misrepresented by the media and public. He argued that both are victims of negative stereotypes and misconceptions, which have led to a lack of understanding and appreciation.
“Bitcoin is often seen as a Wild West of sorts, with people associating it with illegal activities and money laundering,” Saqib explained. “But the reality is that Bitcoin is a legitimate and secure form of currency, with many uses and benefits. Similarly, Pakistan is often seen as a country plagued by conflict and terrorism, but we’re a nation with a rich history and culture, and we’re making significant progress in various fields.”
The comments by Saqib come as World Liberty Financial, a firm backed by US President Donald Trump, faces a Senate inquiry over its deal with the Pakistan Crypto Council. World Liberty Financial has been accused of using its connection to Trump to further its own interests and influence the Pakistani government.
The controversy surrounding World Liberty Financial and the Pakistan Crypto Council has sparked concerns about the potential misuse of power and influence. Critics argue that the partnership is a clear example of how powerful individuals and corporations can use their connections to further their own interests, often at the expense of the public.
In response to the controversy, Saqib emphasized that the Pakistan Crypto Council is a legitimate and independent organization, dedicated to promoting the growth and adoption of cryptocurrency in Pakistan. He argued that the partnership with World Liberty Financial is a legitimate business deal, and that the organization is committed to transparency and accountability.
“We understand the concerns and criticisms surrounding our partnership with World Liberty Financial, and we’re committed to addressing them,” Saqib stated. “We’re a transparent and accountable organization, and we’re committed to working with the public and government to promote the growth and adoption of cryptocurrency in Pakistan.”
The controversy surrounding the Pakistan Crypto Council and World Liberty Financial highlights the need for greater transparency and accountability in the cryptocurrency industry. It also underscores the importance of promoting a positive and accurate image of Pakistan and Bitcoin, both of which have the potential to play a significant role in the global economy.
As the debate surrounding the partnership between the Pakistan Crypto Council and World Liberty Financial continues to unfold, it’s clear that the Pakistani government and cryptocurrency community must work together to promote a positive and accurate image of Pakistan and Bitcoin. By doing so, they can help to overcome the negative stereotypes and misconceptions that have held back the growth and adoption of these entities.
