Pak Crypto Deal with Links to Trump, Asim Munir Under Scrutiny in India & US: Report
A recent report has sparked a wave of controversy after it emerged that a deal between Pakistan’s newly formed Crypto Council and US-based crypto firm World Liberty Financial (WLF) is under scrutiny in both India and the United States. The deal, which is still in its infancy, has raised several eyebrows due to its alleged links to US President Donald Trump’s family and Pakistan Army Chief Asim Munir.
According to reports, the deal involves an investment of around $100 million by WLF in Pakistan’s crypto sector, with the aim of promoting digital currencies in the country. The agreement was signed in the presence of Pakistan’s top military leadership, including Army Chief Asim Munir, who personally welcomed US officials who had come to sign the deal.
The controversy surrounding the deal stems from 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 raised concerns about potential conflicts of interest and the potential impact of the deal on the global crypto market.
The deal has also sparked concerns in India, where there is already a growing interest in cryptocurrencies. Indian regulators have been cautious in their approach to the crypto sector, with the Reserve Bank of India (RBI) banning banks from providing services to crypto firms in 2018. However, the government has since relaxed some of these restrictions, allowing Indian citizens to trade in cryptocurrencies.
The Pakistan Army Chief’s involvement in the deal has also raised eyebrows, with many questioning the motives behind his presence at the signing ceremony. Asim Munir has been a key figure in Pakistan’s military leadership, and his involvement in the deal has sparked concerns about the potential impact on the country’s economy and its relations with the US.
The deal has also raised concerns about the potential impact on the global crypto market. With the US and Pakistan’s military leadership involved in the deal, there are fears that the agreement could be used to manipulate the market or compromise the integrity of the crypto sector.
In a statement, World Liberty Financial (WLF) denied any wrongdoing, stating that the deal was purely commercial and did not involve any political or military considerations. However, the company has refused to provide further details about the deal, fuelling concerns about its transparency and accountability.
The controversy surrounding the deal has also sparked a heated debate about the need for greater regulation and oversight in the crypto sector. Critics argue that the lack of regulation has allowed companies like WLF to operate with impunity, putting the integrity of the market at risk.
In conclusion, the deal between Pakistan’s Crypto Council and World Liberty Financial (WLF) is shrouded in controversy, with many raising concerns about its potential impact on the global crypto market and the involvement of US President Donald Trump’s family and Pakistan Army Chief Asim Munir. As the debate continues to rage on, it remains to be seen how this deal will ultimately affect the crypto sector and the countries involved.
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