WLF’s Crypto Agreement with Pakistan
Donald Trump’s family firm, World Liberty Financial (WLF), has signed a crypto agreement with a military-linked crypto council in Pakistan. Under the deal, WLF will assist Pakistan in developing blockchain tools, tokenising assets, and providing guidance to foster the country’s crypto industry.
Crypto to Fix Pakistan’s Economy?
Pakistan’s economy is currently in dire straits. Despite having natural gas and potential gold reserves, political instability and jihadist violence have deterred investors. However, WLF’s involvement in the crypto sector could steer the nation in a new economic direction. By adopting blockchain solutions with WLF’s support, Pakistan may attempt to reshape its financial landscape.
My Point
The deal is controversial, as it risks enabling terror-linked groups associated with Pakistan’s military and government to benefit economically. Global AML regulations exist to prevent such scenarios, yet Trump’s private interests may well hinder any US action. After all, the Trump administration itself is now shaping new crypto regulations — a troubling conflict of interest in this case.
