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Pak crypto deal with links to Trump, Asim Munir under scrutiny in India & US: Report
In a recent development, a deal between Pakistan’s barely month-old Crypto Council and US crypto firm World Liberty Financial (WLF) has come under intense scrutiny in both India and the United States. The deal, which was signed earlier this year, has raised several eyebrows due to its connections to none other than former US President Donald Trump’s family members.
According to a report by NDTV, the deal was personally welcomed by Pakistan Army Chief Asim Munir, who has been accused of having close ties with the military establishment. The report also states that Trump’s sons, Eric and Trump Junior, and son-in-law Jared Kushner collectively own 60% of WLF.
The deal has sparked concerns about the potential benefits and consequences of such a partnership, particularly in the context of Pakistan’s fragile economy and the country’s struggles with corruption and money laundering. Critics have questioned the motivations behind the deal and whether it could be used to funnel illegal funds or facilitate illegal activities.
The deal was reportedly signed in order to establish a Pakistani cryptocurrency exchange, which would allow Pakistani citizens to buy and sell digital currencies. However, many have raised doubts about the legitimacy of the deal and whether it is in the best interests of Pakistan or its citizens.
One of the key concerns is the lack of transparency surrounding the deal. According to reports, the Pakistani government has refused to provide any information about the deal, citing national security concerns. This has led many to speculate that the deal may be shrouded in secrecy and potentially illegal.
The involvement of Trump’s family members in the deal has also raised eyebrows. While the Trump family has been known for its business ventures and investments, critics have questioned whether their involvement in this deal is a conflict of interest.
In a related development, the Pakistani government has come under fire for its handling of the deal. Critics have accused the government of being complicit in the deal and of failing to scrutinize the deal thoroughly enough.
The deal has also sparked concerns about the potential impact on Pakistan’s economy. The country has been struggling with a severe economic crisis, and many have questioned whether this deal could exacerbate the problem.
In conclusion, the deal between Pakistan’s Crypto Council and World Liberty Financial is a complex and controversial issue that has raised several red flags. While the potential benefits of the deal are unclear, the involvement of Trump’s family members and the lack of transparency surrounding the deal have sparked widespread concern.
As the situation continues to unfold, it remains to be seen whether the deal will be able to withstand the scrutiny of both Indian and US authorities. One thing is certain, however: the deal has sparked a heated debate about the role of cryptocurrency in Pakistan’s economy and the potential risks and benefits associated with it.
