| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107358.3700000000 |
| ETH | $2439.6370000000 |
| BNB | $649.9543600000 |
| XRP | $2.1862200000 |
| ADA | $0.5615964000 |
| SOL | $150.0652000000 |
| DOGE | $N/A |
| DOT | $3.4077000000 |
| LTC | $86.7900000000 |
| LINK | $13.4316600000 |
Category: CRYPTO NEWS
The post IMF Raises Red Flags Over Pakistan’s Bitcoin Mining & AI Energy Plan ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement     The International Monetary Fund (IMF) has raised concerns over Pakistan’s latest Bitcoin (BTC) and Artificial Intelligence (AI) energy plan. This announcement follows the country’s establishment of a Strategic Bitcoin Reserve, alongside other partnerships, in recent months. Pakistan’s pro-crypto stance has left the community elated, being among the countries to make a swift turn backing the market. IMF Wants Clarity: Report According to local news outlets, the IMF flagged Pakistan’s recent announcement by its pro-crypto task force to allocate 2000 megawatts of electricity to Bitcoin and AI data centers. The organization seeks clarity on its legality as major power shortages plague the country. This development comes amid sensitive budget talks between both parties as Pakistan looks to integrate digital assets into its economy. According to sources familiar with the matter, the government is yet to disclose a formal framework to the IMF, while the latter stressed that all policy steps under the External Fund Facility must be considered. Additionally, a delegation is expected to hold a separate session on the plan to provide electricity to Bitcoin and AI centres. “There is a fear of further tough talks from the IMF on this initiative. The economic team is already facing stiff questions, and this move has only added to the complexities of the ongoing talks,” a source added. On May 25, Pakistan’s crypto task force allocated 2,000 megawatts of electricity to Bitcoin mining, seeking to attract foreign investment. Backed by the Finance Ministry, the move is expected to drive employment and generate revenue following massive global adoption of the asset class. The government also plans tax cuts and incentives for miners and AI firms. Bilal Bin Saqib, Task Force Chief Executive, explained that the decision was a turning point for the country’s economy. Advertisement   Pakistan’s Pro-Crypto Stance This…
2025-05-31T23:45:10+00:00
https://bitcoinethereumnews.com/bitcoin/imf-raises-red-flags-over-pakistans-bitcoin-mining-ai-energy-plan-%e2%8b%86-zycrypto/?utm_source=rss&utm_medium=rss&utm_campaign=imf-raises-red-flags-over-pakistans-bitcoin-mining-ai-energy-plan-%25e2%258b%2586-zycrypto