Pak Crypto Deal with Links to Trump, Asim Munir Under Scrutiny in India & US: Report
In a recent development that has raised eyebrows in both India and the United States, a deal between Pakistan’s newly formed Crypto Council and US crypto firm World Liberty Financial (WLF) is under scrutiny. The report highlights that US President Donald Trump’s sons Eric and Trump Junior, along with his son-in-law Jared Kushner, collectively own 60% of WLF. This development has sparked concerns about potential conflicts of interest and has raised questions about the deal’s transparency.
According to the report, the deal was signed with great fanfare, with Pakistan Army chief Asim Munir personally welcoming US officials who had come to sign the agreement. The Pakistan Crypto Council was established just last month, and this deal marks its first major partnership. The Council’s primary objective is to promote and regulate the cryptocurrency market in Pakistan.
The deal has been met with skepticism by many, who are questioning the motives behind the partnership. WLF is a relatively new company, and its involvement in the Pakistani crypto market has raised concerns about its ability to operate effectively and transparently. The fact that Trump’s family members have a significant stake in the company has only added to the controversy.
The report quotes experts who have expressed concerns about the potential implications of this deal. “This deal has all the makings of a classic conflict of interest,” said Dr. Rohan Grey, a cryptocurrency expert. “The involvement of Trump’s family members in this deal raises questions about the motivations behind it. Is it a genuine attempt to promote the crypto market in Pakistan, or is it a way to further enrich the Trump family?”
The Pakistan Crypto Council has defended the deal, stating that it was thoroughly vetted and approved by relevant authorities. However, the controversy surrounding the deal has led to calls for greater transparency and accountability.
In India, the deal has sparked concerns about the potential impact on the country’s own cryptocurrency market. “We need to be very careful about the kind of partnerships we enter into,” said a senior government official. “We cannot afford to compromise our own regulatory framework for the sake of a deal with a foreign company.”
The US government has also expressed concerns about the deal, with a spokesperson stating that they are “monitoring the situation closely” and will “take appropriate action” if necessary.
As the controversy surrounding the deal continues to unfold, one thing is clear: the Pakistani crypto market is now firmly in the global spotlight. The deal has raised questions about the country’s regulatory framework, as well as the role of foreign companies in the market.
In conclusion, the deal between Pakistan’s Crypto Council and World Liberty Financial is a complex issue that has far-reaching implications. While the Pakistan Crypto Council has defended the deal, many experts are questioning the motives behind it. The controversy has sparked concerns about potential conflicts of interest, transparency, and accountability. As the situation continues to evolve, it will be fascinating to see how it plays out and what implications it has for the global cryptocurrency market.
