Pak & Bitcoin Suffer from Bad PR: CEO of Pak Crypto Body Linked to Trump-Backed Firm
In a recent statement, the CEO of Pakistan Crypto Council, Bilal bin Saqib, claimed that Pakistan and Bitcoin have both “suffered from bad PR” due to misconceptions and distorted views. The comments come at a time when the country’s cryptocurrency watchdog is facing scrutiny over its deal with a US-based firm backed by US President Donald Trump.
Pakistan has long been associated with conflict and instability, which has had a negative impact on its international reputation. Similarly, Bitcoin and other cryptocurrencies have faced criticism and controversy in the past, leading to a negative perception among many people. The CEO of the Pakistan Crypto Council is attempting to change this narrative by claiming that Pakistan is “misrepresented” and that people’s views are influenced by a biased lens.
However, the credibility of the Pakistan Crypto Council’s claims is being questioned due to its links to World Liberty Financial, a US-based firm that has been facing a Senate inquiry over its deal with the Pakistani cryptocurrency watchdog. World Liberty Financial is a firm that has received backing from US President Donald Trump, which has raised further concerns about the deal.
The Pakistan Crypto Council’s CEO, Bilal bin Saqib, has been vocal about his country’s potential in the cryptocurrency space. In an interview with News18, he stated that Pakistan has the potential to become a major player in the global cryptocurrency market due to its young and educated population. He also emphasized the need for better regulation and infrastructure to facilitate the growth of the cryptocurrency industry in the country.
However, the deal between World Liberty Financial and the Pakistani cryptocurrency watchdog has raised concerns about the level of regulation and oversight in the country. World Liberty Financial has been accused of engaging in suspicious activities, including using shell companies and making large cash transactions. The deal has also raised questions about the potential for corruption and money laundering in the country.
The Pakistan Crypto Council’s attempt to whitewash Pakistan’s image by claiming that it is “misrepresented” is unlikely to be successful, given the country’s history of conflict and instability. The country has been plagued by terrorism and political instability in the past, which has had a negative impact on its international reputation.
Furthermore, the deal between World Liberty Financial and the Pakistani cryptocurrency watchdog has raised concerns about the level of regulation and oversight in the country. The lack of transparency and accountability in the deal has led many to question the credibility of the Pakistan Crypto Council’s claims.
In conclusion, the Pakistan Crypto Council’s CEO, Bilal bin Saqib, has claimed that Pakistan and Bitcoin have “suffered from bad PR” due to misconceptions and distorted views. However, the credibility of his claims is being questioned due to the country’s links to World Liberty Financial, a US-based firm that has been facing a Senate inquiry over its deal with the Pakistani cryptocurrency watchdog. The deal has raised concerns about the level of regulation and oversight in the country, and it remains to be seen whether the Pakistan Crypto Council’s attempt to whitewash Pakistan’s image will be successful.
