Title: Pak Crypto Deal with Links to Trump, Asim Munir under Scrutiny in India & US: Report
A recent deal between Pakistan’s newly-formed Crypto Council and US-based World Liberty Financial (WLF) has come under scrutiny in both India and the US. The report has raised eyebrows due to the involvement of US President Donald Trump’s family members and Pakistan’s Army Chief Asim Munir. The deal has sparked concerns about potential conflicts of interest and the opaque nature of the agreement.
According to reports, the US crypto firm World Liberty Financial (WLF) owns 60% of the company, with Donald Trump’s sons Eric and Trump Junior, and son-in-law Jared Kushner holding collective stakes in the firm. This has raised questions about the potential influence of the Trump family on the deal and its implications for Pakistan’s burgeoning crypto market.
The Pakistani Crypto Council, which was established in August 2022, has been criticized for its lack of transparency in the deal-making process. The council’s chairman, who was not named in the report, welcomed US officials who came to sign the deal, including Pakistan Army Chief Asim Munir. This has raised concerns about the military’s involvement in the deal and its potential impact on Pakistan’s crypto market.
The deal has also sparked concerns about the potential use of cryptocurrencies for illicit activities, including money laundering and terrorism financing. Pakistan’s financial regulatory bodies have been criticized for their lack of oversight in the crypto market, which has led to concerns about the potential for illicit activities.
The report has also highlighted the potential risks associated with the deal, including the impact on Pakistan’s economy and the potential for market manipulation. The country’s crypto market is still in its infancy, and the deal could potentially disrupt the market and lead to financial instability.
The deal has also raised questions about the potential for conflicts of interest, given the involvement of the Trump family and Pakistan’s Army Chief Asim Munir. The report has called for a thorough investigation into the deal and its implications for Pakistan’s crypto market.
The deal has also sparked concerns about the potential for corruption and nepotism, given the involvement of Pakistan’s Army Chief Asim Munir and the Trump family. The report has called for greater transparency in the deal-making process and the need for stronger regulations to prevent corruption and ensure the integrity of the crypto market.
The report has also highlighted the potential for Pakistan’s crypto market to be used for illicit activities, including money laundering and terrorism financing. The country’s financial regulatory bodies have been criticized for their lack of oversight in the crypto market, which has led to concerns about the potential for illicit activities.
The deal has also raised questions about the potential for Pakistan’s crypto market to be used as a means of evading economic sanctions. The country’s financial regulatory bodies have been criticized for their lack of oversight in the crypto market, which has led to concerns about the potential for illicit activities.
In conclusion, the deal between Pakistan’s Crypto Council and US-based World Liberty Financial (WLF) has raised concerns about potential conflicts of interest, corruption, and the opaque nature of the agreement. The deal has sparked concerns about the potential use of cryptocurrencies for illicit activities and has highlighted the need for greater transparency and oversight in the crypto market. The report has called for a thorough investigation into the deal and its implications for Pakistan’s crypto market.
