The center of the dispute is the American company World Liberty Financial, which is a fintech firm specialized in blockchain and cryptocurrency investment. The front eyebrows raise that this high-day deal was directly given facility by General Asim Munir.
A high-profile cryptocurrency agreement between the US-based Fintech company and the newly formed Crypto Council of Pakistan is conducting a thorough investigation into both the United States and India. According to the Times of India report, the firm -Warald Liberty Financial (WLF) -has accused former US President Donald Trump’s relationship with family, which raises geopolitical and financial concerns at the time of increased stress between India and Pakistan. The deal has now come under investigation due to his deep relations with Trump’s family and Pakistan Army Chief General Asim Munir.
The center of the dispute is the American company World Liberty Financial, which is a fintech firm specialized in blockchain and cryptocurrency investment. In particular, it has a strong connection with Donald Trump’s family, with Trump’s sons Eric and Donald Junior, and son -in -law Jared Kushner collectively owns 60% of his shares.
In April, World Liberty Financial signed a letter of intentions with Pakistan’s Crypto Council. According to reports, within a few days of its formation, the council appointed Binance founder Chanppeng Zhao as its advisor, given the position of Binance as the largest crypto exchange of Binance. During the launch, the Council declared its vision to convert Islamabad into South Asia’s “Crypto Capital” ambitiously.
Asim Munir’s participation increased eyebrows
The front eyebrows raise that this high-day deal was directly given facility by General Asim Munir. A high-level delegation from the US, the company’s founder Zachari Vitkoff-to signing from Islamabad to Islamabad from Steve Witchoff-Islamabad,-Tramp’s prolonged trade colleague and current US Special Envoy for the Middle East. According to reports, General Munir personally welcomed the team and a closed door meeting was held with Pakistan Prime Minister Shahbaz Sharif and Munir. It was here that the deal was allegedly finalized.
According to a joint statement issued by the World Liberty Financial and Pakistan Crypto Council, the agreement allows the American firm to introduce blockchain technology into Pakistan’s financial systems. The deal includes a token of assets, the construction of several stabechoin, and the setup of a regulator sandbox for decentralized finance (DEFI) projects. The target is to promote “financial inclusion and digital changes” in Pakistan.
‘Deal under International Investigation’
However, a terrorist attack in recent developments, especially Pahalgam and later military operation operations vermilion, allegedly placed the deal under an international investigation. Responding to increasing concern, the World Liberty Financial issued a press note claiming that the agreement is purely economic and “no political intention”. However, neither the Trump family nor the White House have commented on the issue so far.
It should be noted here that this is not the first time the US-Pakistan relationship has been dramatically transferred. During Trump’s previous term, his administration took a rigorous approach to Islamabad – as far as Pakistan was placed on the Financial Action Task Force (FATF) gray list, which banned foreign funding associated with terrorism and money laundering. The move crippled Pakistan’s economy, pushed the country to the verge of default and forced it to seek help from many countries.
Also read: Donald Trump takes a U-turn on the claims of mediation between India and Pakistan
