Pak crypto deal with links to Trump, Asim Munir under scrutiny in India & US: Report
A deal between Pakistan’s barely month-old Crypto Council and US crypto firm World Liberty Financial (WLF) has raised eyebrows in both India and the United States, with various reports and experts casting a skeptical eye over the agreement. The deal, which involves a significant stake in Pakistan’s cryptocurrency market, has links to none other than the Trump family, with US President Donald Trump’s sons Eric and Trump Junior, and son-in-law Jared Kushner collectively owning 60% of WLF.
The scrutiny surrounding the deal has been sparked by the fact that Pakistan Army chief Asim Munir personally welcomed US officials who had come to sign the agreement. The involvement of the Pakistani military chief in the deal has raised concerns about the potential misuse of power and the potential impact on the country’s economy.
The deal, which was signed on January 17, aims to establish a cryptocurrency market in Pakistan and has been touted as a major step forward for the country’s digital economy. However, experts have expressed concerns about the lack of transparency surrounding the deal and the potential risks involved in partnering with a company with ties to the Trump family.
One of the major concerns is that the deal could be used to launder money or facilitate illegal activities. The fact that the Trump family has a significant stake in WLF has raised questions about their motives and whether they are using the company to further their own interests.
Another concern is that the deal could undermine the sovereignty of Pakistan’s financial system. The involvement of the Pakistani military chief in the deal has raised concerns about the potential for the country’s financial institutions to be influenced by foreign powers.
The deal has also sparked concerns about the potential impact on the Pakistani rupee. The value of the rupee has been declining in recent months, and the deal could potentially exacerbate this trend.
Experts have also expressed concerns about the lack of regulation in the Pakistani cryptocurrency market. The country does not have a comprehensive regulatory framework in place to govern the use of cryptocurrencies, which could make it difficult to prevent illegal activities.
The deal has also sparked concerns about the potential impact on the country’s economy. The Pakistani economy has been struggling in recent years, and the deal could potentially undermine the country’s economic stability.
In conclusion, the deal between Pakistan’s Crypto Council and World Liberty Financial has raised significant concerns in both India and the United States. The involvement of the Trump family and the Pakistani military chief has raised questions about the motives and potential risks involved in the deal. The lack of transparency and regulation in the deal has also sparked concerns about the potential impact on the country’s economy and financial system.
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