US President Donald Trump is once again in the headlines amidst the ongoing controversy between India and Pakistan. This time the case is related to his family’s cryptocurrency company International Sovereignty Monetary (WLF), which recently Pakistan Crypto Council Is a big deal with. The deal has raised new questions on the political balance between the two countries, especially when Trump tried to present himself as a “mediater” between India and Pak.
The big crypto offer took place between Trump Community firm WLF and PAK
International Sovereignty Monetary, which has 60% equity of Trump Community, which signs a high-profile crypto deal with the newly created Pakistan Crypto Council in Pakistan. The objective of this council is to make Pakistan a digital finance hub of South Asia. At the same time, WLF’s representative, TRUMP’s close businessman Steve Witkoff’s son Zachary Witkoff, has also met Prime Minister Shahbaz Sharif in Islamabad and Army Chief General Aseem Munir.
Under this partnership, blockchain infrastructure will be developed in Pakistan, the use of stables will be promoted and Decentralized Finance Services will be delivered to common citizens. Pakistani media Crack of Dawn described it as a historic opportunity for the country to “step into the world of digital finance.
Significantly, some time ago Crypto Exchange Binance Founder Cz Pakistan Crypto Council has become Advisor,
Questions raised in India: Trump’s role and Pakistan’s intention is doubt
As soon as this deal is revealed, concerns have increased in many strategic and political circles in India. Questions are arising whether Trump is benefiting Pakistan due to its business interest? Was his middle proposal really neutral?
The biggest concern is that, this deal has been done when there was a few days ago the Pahalgam terror attack in Kashmir, in which the terrorists killed innocent by asking religion. There is an atmosphere of tension between India and Pakistan regarding this incident. According to reports, Pakistan’s army chief was behind the incident and the same officers met the repressant of Trump’s company recently.
A report states that through WLF, Trump is making a new model by combining his political effect and private business together, which has raised questions on the Presidential Traditions. There is increasing concern in India that this type of private family business alliances can damage the political stability of South Asia.
Conclusion
Donald Trump and his family partnership in Pakistan’s crypto project is not just an economy deal, but also a complex political signal. It is a matter of concern for India that there may be strategic objective behind this deal, which can deteriorate the regional balance. Keeping this deal in mind, India will not only have to be cautious but also strengthen its diplomatic strategy, so that it can protect its interests in the race of digital finance.
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