Just In: IMF Shuts Down Pakistan’s Crypto Mining Subsidy Plan! ⚡
In a bold move, the International Monetary Fund (IMF) has officially turned down Pakistan’s request to provide electricity subsidies for cryptocurrency mining operations.
The IMF raised red flags over energy sustainability, citing the massive power demands of crypto mining and its potential strain on the country's already struggling energy sector.
This decision could significantly reshape the future of Pakistan’s crypto ambitions, while signaling a tougher global stance on balancing digital innovation with environmental and economic responsibility.
📉 The rejection may also send ripples through the broader crypto market, particularly in emerging economies eyeing mining as a financial opportunity.
Stay tuned as the situation develops.
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