IMF Raises Concerns Over Pakistan’s Bitcoin Mining Plan

The International Monetary Fund (IMF) has expressed serious concerns about Pakistan’s ambitious plan to launch a national bitcoin mining program and establish a state-funded cryptocurrency reserve. The IMF, known for its close monitoring of assisted countries’ financial policies, demands clarification regarding the country’s energy allocation for Bitcoin mining, particularly given Pakistan’s precarious energy situation. The move has sparked alarm bells because it appears to be diverting vital resources towards an unregulated sector while existing societal challenges remain unaddressed.