Tension between India and Pakistan is at its peak due to Pahalgam Assault. Efforts were being made by India to gather global support to take action on Pakistan after the Pahalgam Assault, when after this attack, the Donald Trump Assets, who spoke of “full support” to India, associated with the Defi Platform International Sovereign Monetary (Wlf) and Pakistan Crypto Council (PCC) news of partnership has come to light.
Recently, three co-founders of WLF reached Zach Witkoff, Zak Folkman and Chase Hero Islamabad. Where cryptocurrency and issues related to his Pakistan Crypto Council were discussed. After this discussion, a “Letter of Intent” (Loi) has been signed between the two sides, which aims to promote blockchain innovation, use of stablecoin and tokenization of assets such as actual property.
Donald Trump and International Sovereignty Monetary
WLF is a major Defi Protocol Platform, launched in September 2024. It aims to provide loans and credit services through its native token $ WLFI. The TRUP family has a 60% stake in WLF. Donald Trump itself plays the role of “Chief Crypto Advocate” in WLF, while his son Barron Trump to “Defi Visionary” and Eric Trump and Donald Trump Jr. Has been made “Web3 Ambassadors”.
This deal amidst Indo-Pak tension
The partnership took place at a time when 26 Indian citizens were killed and many injured in a terrorist attack in Pahalgam in Jammu and Kashmir. In the initial investigation conducted by India, Pakistan -backed terrorist organizations have come out behind this attack. Initially, Donald Trump expressed condolences to this attack and spoke of giving “full support” to India. But recently he said that he is “close friends of both India and Pakistan” and the two countries should “resolve and find a solution.”
What is involved in the agreement with PCC?
According to PCC, this letter of intent has the major points:
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Launch Regulatory Sandbox for Blockchain Monetary Merchandise.
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Development of response defi protocols
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Actual-World Belongings
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Increase the use of StableCoin for Remittens and Trade
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Giving strategic advisory on blockchain infrastructure and global regulatory trends
Significantly, recently Changpeng Zhao made PCC’s Crypto Strategic Advisor Is.
Conclusion
Pakistan has an estimated more than 25 million active crypto users. However, the government there has neither completely regulated nor banned cryptocurrency like India. On the other hand, the investigation of Indian Monetary Prudence Unit has revealed the fact that cryptocurrency is being used in Terror Investment. In the country that supports terrorism like Pakistan, these developments related to Crypto are increasing India’s concerns.
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