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Pakistan’s Bitcoin Mining Dreams Derailed by IMF Objections

  • Pakistan's plans to allocate excess power for Bitcoin mining and AI data centers have been derailed by objections from the IMF.
  • The initiative aimed to attract foreign investment, boost tech jobs, and position the country as a digital infrastructure hub.
  • The IMF raised concerns about legal and energy distribution issues, prompting a review by the World Bank.
  • Pakistan's efforts to strengthen its crypto framework face skepticism amid international scrutiny and internal economic challenges.

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