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IMF Scrutinizes Pakistan’s Reported Bitcoin Mining Power Allocation Amid Energy Crisis

  • The IMF is questioning Pakistan's reported plans to allocate 2,000 MW of electricity for Bitcoin mining and AI data centers amidst energy shortages and fiscal challenges.
  • Concerns include the legality of crypto mining, power allocation specifics, economic rationale, impact on tariffs, and lack of a formal crypto policy framework.
  • Pakistan is facing chronic energy shortages, fiscal pressures, and high energy costs, making the crypto mining initiative a point of particular concern for the IMF.
  • Despite government enthusiasm for blockchain and crypto, the lack of policy framework and IMF scrutiny highlight challenges in balancing economic stability and technological innovation.

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