Trump-Backed World Liberty Signs Crypto Deal with Pakistan
- World Liberty Financial signs deal with Pakistan to boost blockchain.
- Aims to expand crypto use in Pakistan’s large market.
- Potential to elevate Pakistan as blockchain leader.
World Liberty Eyes Pakistan’s Promising Crypto Market
World Liberty Financial, backed by Donald Trump, seeks to expand blockchain innovation and grow crypto use in Pakistan, a top global crypto market. The partnership with Pakistan, which hosts some prominent government figures, indicates strong governmental support and a progressive approach toward crypto. Muhammad Aurangzeb, Finance Minister of Pakistan, said, “Pakistan’s youth and technology sector are our greatest assets. Through partnerships like this, we are opening new doors for investment, innovation, and global leadership in the blockchain economy.”
Deal Expected to Boost Pakistan’s Economic Growth
The deal is expected to stimulate Pakistan’s crypto sector, impacting local and foreign investments, and possibly leading to new job opportunities. Financially, the agreement enhances Pakistan’s position in the digital finance space, potentially boosting its GDP through increased crypto transactions. Zach Witkoff, Co-founder of World Liberty Financial, noted, “Pakistan is one of the fastest-emerging economies. We are excited to be part of its journey towards a vibrant financial future.”
Policy Shift in Pakistan’s Crypto Strategy
Historically, Pakistan had a cautious stance on crypto, marked by a 2018 bank ban. The recent collaboration suggests a policy shift and a brighter outlook for blockchain. Experts predict potential GDP growth and technological advancement, given the young, tech-savvy population and Pakistan’s strategic embrace of blockchain policy.
Attaullah Tarar, Information Minister, shared that “Pakistan offers tremendous opportunities in the crypto sector… Despite being a relatively new player, Pakistan has made remarkable progress in a short span of time.”
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