The IMF has asked Pakistan for urgent clarification on its plan to allocate surplus electricity to Bitcoin mines, complicating ongoing budget negotiations.
Daniel Batten, a climate tech investor, warns that Pakistan's Bitcoin and Bitcoin-mining plans may face challenges due to IMF opposition.
Batten points out that IMF has hindered similar Bitcoin adoption plans in other countries and predicts Pakistan may face similar tactics.
Pakistan's dependence on IMF funding and potential consequences of not complying with IMF demands regarding Bitcoin adoption are highlighted as major concerns.