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IMF raises concern over Pakistan’s Bitcoin mining power plan $BTC $ETH The International Monetary Fund (IMF) has raised concerns over Pakistan’s decision to allocate 2,000 megawatts of electricity for Bitcoin mining and artificial intelligence data centers amid ongoing negotiations tied to the country’s extended financial program. The initiative, announced last week, is designed to attract autonomous miners, blockchain companies, and AI firms to Pakistan. However, the IMF has raised red flags about the move, requesting urgent clarification from the Finance Ministry regarding the legality of crypto mining and the power allocations, particularly as the nation struggles with chronic energy shortages and fiscal pressures, according to a report by local news outlets Samaa. Per the report, the IMF was not consulted prior to the announcement and is questioning the legal standing of cryptocurrencies in Pakistan. The Fund has also voiced concerns over potential impacts on power tariffs and resource distribution. “There is a fear of further tough talks from the IMF on this initiative,” an official involved in the ongoing negotiations reportedly said. “The economic team is already facing stiff questions, and this move has only added to the complexities of the talks”
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Trump Media aims to raise $3 billion for cryptocurrency investments Crypto continues to attract massive strategic funding in the US. #TrumpMedia #cryptocurrency #CryptoInvesting #Blockchain #DigitalCurrency #CryptoNews $BTC $WCT $XRP
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😍 HUGE NEWS: Charles Schwab reveals crypto investment offering to 37M clients! Major bullish move for #Bitcoin as Wall Street giant embraces crypto. 💰 Is this the catalyst for the next big rally? 🚀🚀 $BTC $ETH $BNB
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