Pak crypto deal with links to Trump, Asim Munir under scrutiny in India & US: Report
In a shocking development, a deal between Pakistan’s barely month-old Crypto Council and US crypto firm World Liberty Financial (WLF) has come under scanner in both India and the United States. The deal has raised eyebrows due to its links to former US President Donald Trump’s family members and Pakistan Army Chief Asim Munir.
According to reports, the US crypto firm World Liberty Financial (WLF) has partnered with Pakistan’s Crypto Council, a newly formed body aimed at promoting the country’s cryptocurrency market. The deal has sparked concerns in both India and the US due to its apparent connections to Trump’s family members.
Notably, US President Donald Trump’s sons Eric and Trump Junior, along with his son-in-law Jared Kushner, collectively own 60% of WLF. The deal has raised questions about potential conflicts of interest, given the Trump family’s involvement.
Moreover, the deal has drawn attention due to its links to Pakistan Army Chief Asim Munir. Reports suggest that Munir personally welcomed US officials who came to Pakistan to sign the deal. This has raised suspicions about the military’s involvement in the deal and its potential implications for Pakistan’s economy.
The Crypto Council was established in November 2022, with the aim of promoting Pakistan’s cryptocurrency market and regulating the sector. The council has been working closely with the government to create a favorable environment for cryptocurrency trade in the country.
However, the deal with WLF has raised concerns about the potential risks and implications of partnering with a US-based company with ties to Trump’s family. Critics argue that the deal could compromise Pakistan’s economic sovereignty and create a potential conflict of interest.
In India, the deal has sparked concerns about the potential impact on the country’s cryptocurrency market. India has been grappling with its own cryptocurrency regulations, with the Reserve Bank of India (RBI) banning cryptocurrency trade in 2018. The deal has raised questions about the potential implications for India’s economy and its cryptocurrency market.
In the US, the deal has drawn attention from lawmakers and regulators, who are concerned about the potential risks associated with the deal. The US Federal Reserve and the Securities and Exchange Commission (SEC) have been closely monitoring the deal and its implications for the US financial system.
The deal has also raised questions about the potential benefits for Pakistan’s economy. While the deal could potentially bring in foreign investment and create jobs, critics argue that it could also compromise Pakistan’s economic sovereignty and create a potential conflict of interest.
In conclusion, the deal between Pakistan’s Crypto Council and WLF has raised concerns in both India and the US due to its links to Trump’s family members and Pakistan Army Chief Asim Munir. The deal has raised questions about potential conflicts of interest, economic sovereignty, and the potential implications for both countries’ economies.
