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Pakistan’s Bitcoin Mining Plan Hits Roadblock as IMF Blocks Power Subsidies

  • The IMF has rejected Pakistan’s proposal to offer subsidized electricity for Bitcoin mining.
  • Pakistan planned to allocate 2,000 megawatts of surplus winter electricity for Bitcoin mining to attract foreign investment.
  • Despite the IMF's rejection, Pakistan is reviewing the plan with the World Bank and other international partners.
  • IMF concerns include market distortion, legal ambiguity, and infrastructure risks associated with offering power subsidies.

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