IMF Blocks Pakistan’s Bitcoin Mining Proposal!
Pakistan’s bold plan to subsidize electricity for Bitcoin miners has been rejected by the IMF! But why?
The government wanted to use its 7,000 MW surplus to power Bitcoin mining at lower than market rates a game changing move for the country's crypto future. But the IMF isn’t convinced.
The IMF fears market chaos and questions the long-term effects of energy subsidies. Was the IMF right, or is this a major missed opportunity for Pakistan’s crypto potential?
Pakistan saw this as a way to grow its economy and help the unbanked with crypto. Could it have been the key to a digital revolution?
What’s your take? Should Pakistan push forward, or is the IMF’s warning valid?
Share your thoughts and let’s debate this!
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