Pak crypto deal with links to Trump, Asim Munir under scrutiny in India & US: Report
In a developing story, a deal between Pakistan’s newly formed Crypto Council and US-based crypto firm World Liberty Financial (WLF) has come under scrutiny in India and the United States. The controversy surrounds the involvement of US President Donald Trump’s family members and Pakistan Army Chief Asim Munir in the deal.
According to a report by NDTV, the deal between the Pakistani Crypto Council and WLF is being investigated by Indian and US authorities due to concerns over the potential implications of the partnership on national security and the economy.
For the uninitiated, World Liberty Financial is a US-based company that specializes in digital assets and cryptocurrencies. What’s interesting, however, is that the company is owned by a significant portion of Trump’s family members. Eric Trump and Donald Trump Jr., the President’s sons, collectively own 40% of the company, while Jared Kushner, Trump’s son-in-law, owns 20%.
The deal between the Pakistani Crypto Council and WLF was signed in May, with Pakistan Army Chief Asim Munir personally welcoming US officials who came to sign the agreement. While the exact terms of the deal have not been made public, it is believed to involve the transfer of digital assets and cryptocurrencies between the two parties.
The controversy surrounding the deal is not limited to the involvement of Trump’s family members. Asim Munir, the Pakistan Army Chief, has also come under scrutiny due to his role in welcoming US officials to sign the agreement. Critics argue that Munir’s involvement in the deal raises questions about the potential influence of foreign powers on Pakistan’s domestic affairs.
The Pakistani Crypto Council, which was established in April, has been working to promote the development of the cryptocurrency industry in Pakistan. The council has received support from the Pakistani government, which has announced plans to establish a framework for the regulation of digital assets and cryptocurrencies.
The deal between the Pakistani Crypto Council and WLF has sparked concerns about the potential implications of the partnership on Pakistan’s economy and national security. Some have argued that the deal could compromise Pakistan’s sovereignty and allow foreign powers to exert influence over the country’s financial affairs.
Others have expressed concerns about the potential risks associated with the deal, including the possibility of money laundering and terrorist financing. With Pakistan’s economy struggling to recover from years of economic instability, the deal has raised concerns about the potential impact on the country’s economy and financial stability.
In response to the controversy, Pakistani authorities have maintained that the deal is legitimate and that it will help to promote the development of the cryptocurrency industry in the country. However, critics remain skeptical about the deal and have called for greater transparency and accountability from the Pakistani government and the Pakistani Crypto Council.
In the United States, the deal has also sparked controversy, with some lawmakers expressing concerns about the potential implications of the partnership on US national security and the economy. The US Department of Justice has launched an investigation into the deal, with officials seeking to determine whether the partnership violates any US laws or regulations.
In conclusion, the deal between the Pakistani Crypto Council and WLF is a complex issue that raises serious concerns about national security, economic stability, and the potential influence of foreign powers on domestic affairs. While the Pakistani government and the Pakistani Crypto Council have maintained that the deal is legitimate, critics remain skeptical and have called for greater transparency and accountability.
As the situation continues to unfold, it will be important to monitor developments closely and to ensure that the deal does not compromise Pakistan’s sovereignty or national security. Ultimately, the success of the deal will depend on the ability of the Pakistani government and the Pakistani Crypto Council to ensure that the partnership is transparent, accountable, and beneficial to the people of Pakistan.
