Pakistan has finalized a new agreement with World Liberty Financial, in which the Trump family holds a significant stake. This event drew attention against the backdrop of recent peace negotiations with India.
Formation of Pakistan Crypto Council
The newly formed Pakistan Crypto Council (PCC) aims to enhance the development of digital assets in the country. The committee was established just a month ago, raising questions about its swift actions.
Details of Deals with WLF
PCC has signed several agreements with WLF to boost crypto investment. The WLF delegation, including the son of Trump's special envoy, met with high-ranking Pakistani officials, including the Prime Minister and military leaders. 'WLF has signed a landmark Letter of Intent with the PCC to accelerate blockchain innovation and decentralized finance integration across Pakistan,' stated the finance ministry.
Prospects for Pakistan's Crypto Industry
Pakistan already ranks 9th worldwide in crypto popularity, with around 25 million active users and $300 billion in yearly transactions. Support from WLF and Binance's strategic advisor, Changpeng Zhao (CZ), is expected to help the country compete with regional crypto leaders like the UAE.
The signing of agreements with WLF opens new opportunities for Pakistan in innovation and investment in cryptocurrency, potentially strengthening its position as a leading digital hub in South Asia.
