Pak & Bitcoin Suffer from Bad PR: CEO of Pak Crypto Body Linked to Trump-Backed Firm
Pakistan and Bitcoin have long been plagued by negative publicity, with many people associating the country with conflict and instability. However, the CEO of the Pakistan Crypto Council, Bilal bin Saqib, recently claimed that both Pakistan and Bitcoin have “suffered from bad PR” and are often misrepresented by the media and the public.
In an interview with News18, Saqib attributed the negative perception of Pakistan to the country’s history of conflict and terrorism, stating that people tend to view it through the lens of conflict. “Pakistan is often misunderstood and misrepresented,” he said. “We are trying to whitewash our image and show the world that we are a vibrant and modern nation.”
Similarly, Saqib believes that Bitcoin and other cryptocurrencies have also been unfairly maligned by the media and the general public. “Bitcoin is often seen as a haven for criminals and terrorists, but that’s not true,” he said. “We are working to educate people about the benefits of cryptocurrency and to promote a more positive image of the industry.”
However, Saqib’s claims of bad PR appear to be somewhat disingenuous, given the recent controversy surrounding his organization’s dealings with a Trump-backed firm. World Liberty Financial, a company backed by US President Donald Trump, has been facing a Senate inquiry over its deal with the Pakistan Crypto Council.
According to reports, World Liberty Financial was granted a license by the Pakistan Crypto Council to operate in the country, despite having no prior experience in the cryptocurrency industry. The deal has raised concerns about the council’s regulatory oversight and potential conflicts of interest.
Saqib has defended the deal, stating that World Liberty Financial was chosen based on its “reputation and expertise” in the field of cryptocurrency. However, critics have argued that the deal was a prime example of the council’s lack of transparency and accountability.
The controversy surrounding the Pakistan Crypto Council and World Liberty Financial has raised serious questions about the state of cryptocurrency regulation in Pakistan. While Saqib claims that his organization is working to promote a positive image of the industry, the recent controversy has only served to further tarnish the reputation of Pakistan and cryptocurrency as a whole.
In conclusion, while Saqib’s claims of bad PR may have some merit, they are overshadowed by the controversy surrounding the Pakistan Crypto Council and World Liberty Financial. Until the Pakistani government and regulatory bodies can demonstrate greater transparency and accountability, it’s unlikely that the country’s reputation will improve.
