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 the United States, reports stated. The deal has raised eyebrows due to the involvement of US President Donald Trump’s family members and Pakistan Army chief Asim Munir’s personal welcome to US officials who came to sign the agreement.
According to a report by NDTV, the deal involves a partnership between Pakistan’s Crypto Council and WLF to promote digital currencies in Pakistan. The report states that US President Donald Trump’s sons Eric and Trump Junior and son-in-law Jared Kushner collectively own 60% of WLF. This has led to concerns about the potential influence of the Trump family on Pakistan’s cryptocurrency market.
The deal was signed during a ceremony at the Pakistan Army General Headquarters in Rawalpindi, where Pakistan Army chief Asim Munir personally welcomed US officials who had come to sign the agreement. This has raised questions about the nature of the relationship between the Pakistan Army and the US government, particularly in the context of the country’s already strained ties with the United States.
The deal has also sparked concerns about the potential risks associated with digital currencies, particularly in a country like Pakistan where financial regulations are still evolving. Critics have pointed out that the deal may have the potential to destabilize the country’s financial system and create new avenues for money laundering and terrorist financing.
The Pakistan government has defended the deal, stating that it is aimed at promoting financial inclusion and economic growth in the country. However, critics argue that the deal is more about promoting the interests of the Trump family and their business partners than about benefiting Pakistan’s economy.
The controversy surrounding the deal has also led to a renewed focus on Pakistan’s relationship with the United States. The two countries have had a complicated relationship in recent years, with tensions rising over issues such as terrorism, trade, and security. The involvement of the Trump family in the deal has only added to the skepticism surrounding Pakistan’s intentions and motives.
The deal has also raised questions about the role of the Pakistan Army in the country’s economic affairs. The Army has long been involved in the country’s economy, with its business ventures ranging from real estate to agriculture. However, the deal with WLF has raised concerns about the Army’s increasing influence over the country’s financial sector.
The controversy surrounding the deal has also led to a call for greater transparency and accountability in Pakistan’s financial transactions. Critics argue that the deal is a clear example of how the country’s financial system is vulnerable to corruption and cronyism.
In conclusion, the deal between Pakistan’s Crypto Council and WLF is a clear example of how the country’s financial system is vulnerable to corruption and cronyism. The involvement of the Trump family and Pakistan Army chief Asim Munir has raised concerns about the potential risks associated with digital currencies and the potential influence of the Trump family on Pakistan’s cryptocurrency market. The controversy surrounding the deal has also led to a renewed focus on Pakistan’s relationship with the United States and the role of the Pakistan Army in the country’s economic affairs.
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