Trump -backed cryptocurrency partners with Pakistan Checks Council to enhance Blockchain adoption

In a major step in developing the financial technology sector in Pakistan, Pakistan encryption council (PCC) and The world is financial freedom (WLF) officially signed a series of agreements aimed at enhancing investment and innovation in the encryption industry. The signing ceremony, which was held on Saturday, was attended by the Minister of Information, ATA TARAR, CEO of the Pakistan Council for encryption, Bilal bin Saeed, and co -chair of WLF Zach Vitkov and other officials. According to a press release issued by the Ministry of Finance, the American delegation consists of Zakari Folkman, Chis Hiro and Zakari Whitchov, the son of Trump’s special envoy Steve Witkeov.

“(The) WLF … I signed a historic intention letter with PCC to accelerate the Blockchain innovation, the adoption of Stablecoin and the decentralized financing integration throughout Pakistan,” she said.

The delegation also met with the Prime Minister, the Chief of Staff of the Army, the Deputy Prime Minister, and the Information and Defense Ministers to give the official nature, “on the occasion of a big step towards Pakistan’s status as a global pioneer in the digital financing revolution.”

The agreements are expected to facilitate more cooperation between the two organizations, the promotion of innovation in the encryption space, and the encouragement of international investment in the digital economy in Pakistan.

Speaking to the media, prominent figures highlighted the importance of the increasing agreements and capabilities of the encryption market in Pakistan.

Tarar stressed that the establishment of the Pakistan Exoding Council represents a pivotal step towards adopting emerging technologies. “Pakistan offers enormous opportunities in the encryption sector,” he said. “Although it is a relatively new player, Pakistan has made remarkable progress in a short period of time.” He also pointed out that Pakistan provides attractive investment opportunities in various sectors, and that such initiatives will help accelerate economic growth and technological progress.

Meanwhile, Vetkoff praised Pakistan’s economic capabilities, saying: “Pakistan is one of the fastest emerging economies. We are excited to be part of its journey towards a vibrant financial future.”

DAWN reported that WLF is a central, no central financing platform supported by President Donald Trump to enhance encrypted currency applications and enhance Blockchain’s adoption. Trump and his subsidiaries hold a 60 percent stake in WLF, which was launched last year.

The American President has promised to organize the industry positively, and his administration has reduced enforcement measures against many adult industrial players.

According to the ministry’s statement, the agreement came when the government indicated plans to announce the policies of codifying comprehensive encryption soon, to strengthen “Pakistan’s position as one of the fastest encryption markets in the world.”

“The PCC and WLF cooperation scope determines cooperation in the main fields including: launching the regulatory sandals for the Blockchain financial products to facilitate the responsible growth of the DEFI (decentralized financing).”

“exploration [the] Code of assets in the real world, such as real estate and commodities; Expand Stablecoin applications for transfers and trade; Providing strategic consultations on Blockchain infrastructure and global organizational trends, “says the press statement.