IMF Raises Concerns About Pakistan’s Bitcoin Mining Plan Amidst Financial Negotiations

Pakistan’s decision to allocate 2,000 megawatts of electricity for Bitcoin mining and artificial intelligence data centers has drawn scrutiny from the International Monetary Fund (IMF). The IMF is questioning the legality of cryptocurrencies in Pakistan and potential impacts on power tariffs and resource distribution, particularly as the nation faces energy shortages and fiscal pressures. The initiative aims to attract cryptocurrency businesses but was announced without consultation with the IMF, leading to concerns about regulatory clarity and the plan’s legal standing.