President Trump’s World Liberty Financial (WLFI) has reportedly inked a series of agreements with the Pakistan Crypto Council (PCC) to promote investment and innovation in the country’s digital assets industry.
The Express Tribune reports that Pakistan’s Federal Minister for Information Ata Tarar, PCC CEO Bilal Bin Saeed and WLFI co-chairman Zack Vetkoff attended a signing ceremony.
The event took place on Saturday, just a month after the PCC was formed. The regulatory body was created to oversee and promote crypto and blockchain technology within the country.
According to Tarar, the establishment of the PCC represents a pivotal step in embracing emerging technologies, and initiatives like the partnership with WLFI will help accelerate economic growth and technological advancement.
“Pakistan offers tremendous opportunities in the crypto sector. Despite being a relatively new player, Pakistan has made remarkable progress in a short span of time.“
Pakistan is home to 241.5 million people, making it the world’s fifth-most populous country. Vetkoff says the South Asian nation holds economic potential.
“Pakistan is one of the fastest-emerging economies. We are excited to be part of its journey towards a vibrant financial future.”
The Trump family holds a 60% stake in the WLFI, and the project itself holds over $103 million worth of crypto assets, according to Arkham data.
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