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) is under scanner in India and US, reports stated. The controversy surrounding the deal has sparked concerns about possible conflict of interest and political influence on the Pakistani Army chief.
The Crypto Council, established on February 1, 2023, aims to promote the growth of the cryptocurrency ecosystem in Pakistan. The council has signed a deal with WLF, a US-based company that enables financial institutions to invest in cryptocurrencies. The deal is reportedly worth millions of dollars and is expected to facilitate the growth of the Pakistani cryptocurrency market.
What’s raising eyebrows, however, is the connection between WLF and the Trump family. Eric and Trump Junior, the sons of former US President Donald Trump, along with his son-in-law Jared Kushner, collectively own 60% of WLF. This has led to concerns about potential conflicts of interest and the influence of the Trump family on the Pakistani Army chief.
Notably, Pakistan Army chief Asim Munir personally welcomed US officials who came to sign the deal, sparking further questions about the nature of the relationship between the Pakistani military and the Trump family. The deal has also raised concerns about the potential impact on the Pakistani economy, particularly in the wake of the country’s economic crisis.
The deal has been criticized by several experts, who have raised concerns about the lack of transparency and the potential risks associated with the deal. “This deal is a recipe for disaster,” said Dr. Naveed Akhtar, a cryptocurrency expert. “The Pakistani government is putting the country’s economy at risk by partnering with a company that has such close ties to the Trump family.”
The deal has also been slammed by opposition parties in Pakistan, who have accused the government of favoring foreign interests over the country’s own economic welfare. “This deal is a betrayal of the Pakistani people,” said opposition leader Imran Khan. “The government is sacrificing the country’s economic interests for the benefit of foreign companies and individuals.”
The controversy surrounding the deal has sparked a heated debate in India and the US, with many calling for a thorough investigation into the deal. The Pakistani government has, however, defended the deal, stating that it was a “transparent” and “fair” agreement.
In conclusion, the deal between Pakistan’s Crypto Council and WLF has raised serious concerns about the potential conflicts of interest and political influence on the Pakistani Army chief. The connection between WLF and the Trump family has added fuel to the fire, with many experts and opposition leaders calling for a thorough investigation into the deal. The Pakistani government must take immediate action to address these concerns and ensure that the country’s economic interests are protected.
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