Pak Crypto Deal with Links to Trump, Asim Munir Under Scrutiny in India & US: Report
In a shocking revelation, a deal between Pakistan’s newly formed Crypto Council and US-based crypto firm World Liberty Financial (WLF) has come under scrutiny in both India and the United States. The controversy surrounding the deal has sparked concerns about potential conflicts of interest and the involvement of high-profile individuals with ties to the Trump family.
According to a report by NDTV, a leading Indian news outlet, the Pakistan Crypto Council, established just a month ago, has signed a deal with World Liberty Financial (WLF), a US-based cryptocurrency firm. What’s more alarming is that the US President Donald Trump’s sons, Eric and Trump Junior, and son-in-law Jared Kushner, collectively own 60% of WLF.
The deal has raised eyebrows in both India and the United States, with many questioning the motives behind the partnership. Notably, Pakistan Army chief Asim Munir personally welcomed US officials who came to sign the deal, further adding to the controversy.
The Pakistan Crypto Council, which was established to promote cryptocurrency trading in the country, has been accused of having close ties to the Pakistan Army and the intelligence agency, Inter-Services Intelligence (ISI). The involvement of Asim Munir, a high-ranking military officer, has raised concerns about the potential misuse of the deal for political or military purposes.
The World Liberty Financial (WLF) deal is not the first instance of Pakistan’s crypto sector being linked to high-profile individuals. In 2020, the country’s then-Finance Minister, Abdul Hafeez Shaikh, was accused of having ties to a cryptocurrency firm that was accused of being a front for money laundering and terrorist financing.
The deal has also sparked concerns about the lack of transparency and regulation in Pakistan’s crypto sector. The country’s crypto regulations are still in the nascent stages, and many critics argue that the deal has bypassed these regulations to facilitate a partnership between a Pakistani government-backed entity and a US-based firm.
In the United States, the deal has raised concerns about potential conflicts of interest and the involvement of high-profile individuals with ties to the Trump family. Eric and Trump Junior, the sons of former US President Donald Trump, have been involved in various business ventures and have faced criticism for their potential conflicts of interest.
Jared Kushner, Trump’s son-in-law, has also been involved in various business ventures, including a real estate company that has been accused of using shell companies to hide ownership. His involvement in the WLF deal has raised concerns about potential conflicts of interest and the lack of transparency surrounding the partnership.
The deal has also sparked concerns about the potential impact of the partnership on the global crypto market. The involvement of high-profile individuals and government-backed entities has raised concerns about the potential for market manipulation and the use of cryptocurrency for illicit activities.
In conclusion, the deal between Pakistan’s Crypto Council and World Liberty Financial (WLF) has raised concerns about potential conflicts of interest, lack of transparency, and the involvement of high-profile individuals with ties to the Trump family. As the controversy surrounding the deal continues to unfold, it remains to be seen whether the partnership will be scrutinized further or if it will be allowed to proceed without any major consequences.
