Pakistan is getting serious about crypto. And now, they’ve formed a new partnership with a crypto company backed by the Trump family.
What’s happening:
- World Liberty Financial and the government of Pakistan have signed a memorandum of understanding to form a new partnership focused on accelerating digital asset adoption in Pakistan
Why it matters:
- Pakistan is one of the fastest growing countries in the world for digital asset adoption and this is the first time ever that the government of Pakistan has entered into a formal partnership with a crypto company
Going deeper:
- The new partnership between Pakistan and World Liberty Financial is aiming to expand the applications of stablecoins, launch new financial products on the blockchain and even explore the tokenization of real world assets such as real estate and commodities
- Pakistan and World Liberty Financial will also collaborate on developing new regulations for crypto and stablecoins within both Pakistan and the Middle East
- World Liberty Financial just recently raised $550M USD through multiple token sales to develop their decentralized finance platform and begin accumulating digital assets
The intrigue:
- This is not the first move Pakistan has made recently to embrace crypto and digital asset adoption, just recently making waves with the appointment of Binance founder Changpeng Zhao as a strategic advisor to the Pakistan Crypto Council
