IMF Raises Concern Over Pakistan’s Bitcoin Mining Power Plan
The International Monetary Fund (IMF) has voiced concerns regarding Pakistan's plan to allocate 2,000 megawatts of electricity for Bitcoin mining and AI data centers amidst ongoing fiscal negotiations. This initiative aims to attract miners, blockchain firms, and AI businesses to the country. However, the IMF is requesting urgent clarification from Pakistan's Finance Ministry regarding the legality of cryptocurrency mining and the implications of such power allocations at a time when the country faces severe energy shortages and economic challenges. The IMF delegation is currently engaged in discussions with Pakistani officials and may hold a separate meeting to address these issues. This electricity allocation is part of a broader strategy that includes the establishment of the Pakistan Digital Asset Authority (PDAA), which will regulate digital assets aligned with international standards. This move comes after a notable push by the Pakistani government to integrate cryptocurrencies into its economic framework, including the announcement of a national Bitcoin wallet during the Bitcoin Vegas 2025 conference.
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