<ul data-eligibleForWebStory="false"><li>The International Monetary Fund (IMF) rejected Pakistan's proposal to offer subsidized electricity for crypto mining due to concerns over straining the power grid and giving unfair advantages.</li><li>IMF warned that Pakistan's subsidy plans lacked transparency and could worsen the country's energy challenges and economic planning.</li><li>The plan, aimed at making Pakistan a global hub for data centers, is now under review by the World Bank and other international lenders.</li><li>Pakistan's crypto ambitions, including plans for a Bitcoin Strategic Reserve, are in flux as the country faces challenges in implementing its crypto-friendly strategies amidst IMF scrutiny.</li></ul>

IMF Blocks Pakistan’s Crypto Mining Subsidy—Bitcoin Reserve Plans in Limbo

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