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IMF Clamps Down on Pakistan’s Controversial Crypto Mining Subsidy Plan
IMF Clamps Down on Pakistan’s Controversial Crypto Mining Subsidy Plan
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Pakistan's bid to lure crypto miners with cheap power just hit a wall—the IMF isn't buying it.
Subsidized electricity meets fiscal reality
The proposal would've slashed energy costs for mining ops, but global lenders called it a reckless gamble. Meanwhile, Bitcoin miners shrug—another day, another regulatory hurdle.
When 'crypto-friendly' backfires
Islamabad pitched the scheme as economic stimulus. The IMF saw it as a debt trap wrapped in blockchain hype. Cue the standoff.
Bonus jab: Because nothing says 'financial prudence' like burning taxpayer dollars to mint digital Monopoly money.
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