Key takeout
- World Liberty Financial and Pakistan Crypto Council are partnering to advance blockchain innovation in Pakistan.
- The collaboration aims to launch a regulated sandbox and explore asset tokenization and Stablecoin applications.
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According to a new report from TechJuice, the Defi Project (WLFI), approved by the Trump family, has proceeded with the Pakistan Crypto Council with the Pakistan Crypto Council, signing innovating and Defi integration across the country.
The agreement was signed on April 26 during meetings with co-founders of the world’s Liberty, including Zack Falkman, Zack Witkov, Chase Hero, and Pakistan’s prime minister and senior officials.
Under the terms of the LOI, World Liberty and the Pakistan Crypto Council will work together to launch a regulatory sandbox to test blockchain-based financial products.
Additional areas of focus include driving the growth of the Defi protocol, tokenizing real-world assets such as real estate and goods, expanding Stablecoin applications for remittances and trade, and providing strategic advisories on blockchain infrastructure and global regulatory trends.
“The field of youth and technology in Pakistan is our biggest asset. Through such partnerships, we are opening new doors for investment, innovation and global leadership in the blockchain economy,” said Finance Minister Muhammad Aurangzeb.
Pakistan currently processes an estimated $300 billion in annual crypto transactions with 25 million active crypto users. The country’s digital economy is supported by younger demographics, with over 64% of the population under the age of 30.
Bilal Bin Saqib, CEO of the Government Support Council, said the strategic collaboration aims to empower Pakistan’s young population and integrate the country “in the future of global finance.”
In addition to his role in the Pakistan Crypto Council, Bilal bin Saqib joined World Liberty Financial last week as an advisor.
Earlier this month, Binance co-founder Changpeng “CZ” Zhao was also appointed strategic advisor to the Pakistan Crypto Council.
These developments came in reports that President Trump’s family is being debated to win stock in Binance.us.
According to the Wall Street Journal, Steve Witkov, the leading negotiator of Trump’s Middle East and Ukraine issues and father of World Liberty’s co-founder, was involved in negotiations with Binance on behalf of the Trump family.
Reported acquisitions can be configured directly or through World Liberty Financial.
CZ publicly criticized the report and dismissed it as an “attack on Trump and the code.”
World Liberty recently announced the launch of its flagship Stablecoin, USD1, on the BNB chain and Ethereum. The announcement follows the successful conclusion of a $550 million public token sale.
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