🇵🇰 NEW: IMF Rejects Pakistan’s Plan to Use Subsidized Power for Bitcoin Mining ⚡🪙
The International Monetary Fund (IMF) has rejected a proposal from Pakistan to use subsidized electricity for Bitcoin mining, warning that such a move could destabilize the country’s fragile energy market. 🏭❌
Pakistan, facing ongoing economic and energy challenges, had reportedly explored mining as a potential revenue source. However, the IMF cautioned that diverting power for crypto could strain the grid, increase costs, and conflict with broader subsidy reform goals.
🔌 Innovation meets infrastructure limits — and global oversight.