Trump, Pakistan, and Crypto: A Match Made in Digital Heaven?

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In a move that seems to have been inspired by a brief yet curious glance at the future, World Liberty Financial—backed by none other than the 45th President of the United States—Donald Trump, has gone ahead and entered into a “Letter of Intent” (presumably not a love letter) with the Pakistan Crypto Council. This partnership, revealed by Business Recorder on April 27, aims to put cryptocurrency on the map in Pakistan. The ambitious goal? To make digital currency not just a hobby for tech enthusiasts but the future of finance for South Asia. 🤑

Pakistan: Rising Through the Crypto Ranks

Well, who knew? Pakistan has leapt to ninth place globally for crypto adoption. Yes, ninth! Move over, Switzerland, here comes Pakistan with 25 million active users and a staggering $300 billion in yearly transactions—numbers courtesy of the ever-so-reliable Chainalysis. You’d think this is a typo, but no, it’s true. The finance minister, Muhammad Aurangzeb, has given the credit to the country’s youth, with nearly 60% of the population under the age of 30. Apparently, young people in Pakistan have discovered Bitcoin faster than they can get their hands on a cup of chai. ☕

World Liberty Financial & Pakistan Crypto Council: A Regulatory Love Affair

And now, this partnership is poised to usher in a brave new world of cryptocurrency innovation. World Liberty Financial (WLF), ever the enterprising player, will be helping Pakistan set up “regulatory sandboxes” for testing blockchain products (because who doesn’t love a sandbox?), designing stablecoins for remittances and trade, tokenizing real-world assets (for those who still don’t understand what that means), and contributing to decentralized finance protocols in the land of the Indus. 👀

World Liberty Financial (WLF) — the decentralized finance (DeFi) platform backed by the U.S. President Donald Trump — has signed a landmark Letter of Intent (LOI) with the Pakistan Crypto Council (PCC) to accelerate blockchain innovation, stablecoin adoption, and decentralized…

— PTV News (@PTVNewsOfficial) April 27, 2025

The signing ceremony was attended by some big names—Zach Witkoff, Zak Folkman, and Chase Herro (the co-founders of World Liberty) shaking hands with Bilal bin Saqib, CEO of the Pakistan Crypto Council. They were, of course, accompanied by government luminaries like Pakistan’s central bank governor, finance minister, and IT secretary—because why settle for a small crowd when you can have a diplomatic circus? 🎪

Former Binance CEO Joins the Fray

In another curious twist, the former CEO of Binance, Changpeng Zhao, has now been roped in as a strategic advisor to the Pakistan Crypto Council. Apparently, Zhao, who was once at the helm of the world’s largest cryptocurrency exchange, is now helping Pakistan navigate the wild seas of regulation and innovation. Zhao, no doubt, had a “very interesting” chat with the founders of World Liberty recently. Can’t wait to see what happens next in this crypto soap opera! 🎭

From Anti-Crypto to Crypto-Crazy

Just a mere 12 months ago, Pakistan was firmly in the “We will never, ever, under any circumstances, legalize Bitcoin” camp. Then-finance minister Aisha Ghaus Pasha’s declaration of doom and gloom about the Financial Action Task Force regulations was practically a national anthem. Fast forward to April 10, 2025, and—surprise, surprise—the Pakistan Federal Investigation Agency (FIA) unveiled a new regulatory framework that aims to combat terrorism financing, money laundering, and KYC issues, while simultaneously fostering crypto innovation. Maybe someone in the government finally watched a documentary about blockchain? 🤔

The new regulations will reportedly require approval from lawmakers and consultations with crypto businesses, and they’re slated to roll out in phases starting in 2026. Because, of course, anything that involves innovation and regulation needs time. Lots and lots of time.

And let’s not forget that Trump and his family stand to profit handsomely from this venture. After all, World Liberty’s crypto lending and borrowing platform, launched just last year, has the potential to make them millions—if not billions. (But hey, what’s a little money between old friends?) 💸

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2025-04-28 15:16