GOOD NEWS FOR PAKISTAN
Pakistan has signed a cryptocurrency agreement with World Liberty Financial, a company majority-owned by the Trump family. The agreement aims to boost blockchain adoption, stablecoin adoption, and DeFi integration in Pakistan.
*Key Details of the Agreement:*
- *Partnership:* World Liberty Financial signed a letter of intent with the Pakistan Crypto Council to accelerate blockchain innovation and stablecoin adoption.
-
- Position Pakistan as a global leader in digital finance and enhance its status as one of the fastest-growing crypto markets.
- World Liberty executives met with Pakistan's Prime Minister Shehbaz Sharif, Army Chief General Asim Munir, and other senior officials.
- *Crypto Adoption*: Pakistan aims to become the "crypto capital of South Asia" with the backing of World Liberty Financial and Binance founder Changpeng Zhao.
- *Regulatory Approach*: Pakistan's approach to crypto regulation is expected to be more open, contrasting with India's tighter tax laws
- *Pakistan's Crypto Market*: Pakistan has an estimated 25 million crypto users and $300 billion in annual transaction volume, ranking ninth worldwide in crypto adoption
- *World Liberty Financial*: The company raised $300 million by selling tokens and plans to launch a stablecoin called USD1 .$