What is World Liberty Financial, Trump -related encryption company cooperating with Pakistan?

United States Universal, U.S. Encryption A company supported by Trump The family, raised global attention after signing a promotion deal Blockchain Adoption PakistanJust days after a deadly terrorist attack in Bahama, it sparked tensions between the two neighbor.

The encryption company associated with Trump enters Pakistan

The company, owned by 60 % of the Trump family entity, signed a letter of intent with the Pakistan Exoding Council during the latter’s visit to Islamabad. The deal aims to enhance the use of Blockchain, the adoption of Stablecoin and decentralized financing (Defi) in the country.

Executive managers from the world met the financial freedom, including Zakari Folkman, Chis Hiro and Zakari Whitchov, senior Pakistani leaders, including Prime Minister Shahbaz Sharif and President of the General Army, Ameme Monir, according to the Don Done newspaper. The meeting was also attended by Minister of Finance, Mohamed Uranzib, Chairman of the Securities and Stock Exchange Committee, and the Governor of the State Bank.

Why does this deal raise concerns

The agreement came just five days after a terrorist attack was killed in Paalgam 26 people. India said that two attackers were from Pakistan, and it was required to deny Pakistan. The timing of the deal raised questions in India, especially about the safety of data and patriotism protection.An Indian policy consultant has warned that encryption operations abroad, if created in Pakistan, could attract Indian merchants trying to avoid taxes. The person said: “The biggest anxiety is that the financial statements of the Indians are in the hands of Pakistani.”

The role of the Trump family in the company

The world is largely controlled by financial freedom by the Trump family. Donald Trump has been listed as the company’s “chief encryption lawyer” for the company, while his children are called Eric and Donald Junior, “Web3 Ambassadors”. His younger son, Baron Trump, is called “Defi Visionary”. The company raised $ 300 million in October 2024 by selling it WLFI Symbols. It also plans to launch Stablecoin, USD1, with the support of US Treasury origin. To the New York Times, the company has approached many startups for encryption in currency exchange deals, providing them with symbols in exchange for smaller quantities. These deals were secret and often come with high fees.

Also read: Bitcoin is a digital equivalent of gold, shows the signs of disengagement from Nasdak: Chris Wood “Jeffrez

More relationships raises ethical questions

The NYT report said that the Trump family’s deep participation in the company blur the lines between business and politics. He pointed to multiple examples, as it seemed that the platform supported by Trump benefits from the decisions taken in Washington.

The Chinese encryption investor, Justin Sun, who invested $ 75 million in WLFI, later witnessed his legal case stopped by the Supreme Education Council. Among the other controversial investors, the founder of Etheina Hayes and the founder of Bennes, Changing Chau, both of them faced legal problems.

The company has also received an investment of $ 25 million from DWF laboratories to support Stablecoin. In another example, the Chefir Company in New York, which invested in the world later, donated the installation of Trump and cracked the Trump -linked encryption event.

Also read: Does the Memoin obsession affect the credibility and future of encryption?

Pakistani eyes growth

The Pakistan Cheap Council, with the support of Trump and Bennes, aims to transform Pakistan into the South Asian Check Center. In 2024, the country ranked ninth in the world in adopting encryption with about 25 million users and 300 billion dollars in annual transactions.

The CEO of the Council of Billal Ben Sakb recently criticized the India tax by 30 % on the trading of encryption, saying that Pakistan would follow a more open approach.

While the partnership can help the aspirations of Pakistan’s encryption, the close link between the Trump family, commercial interests, and foreign policy attracts scrutiny in Washington and New Delhi.

(Leave responsibility: Recommendations, suggestions, opinions and opinions that experts make are their own. These are not the opinions of economic times)