Comments

You have commented 361 times on Rantburg.

Your Name

Your e-mail (optional)

Website (optional)

	My Original Nic Pic-a-Nic Sorry. Comments have been closed on this article.
Foto

Submit your comments on this article

India-Pakistan

Crypto Jihad: Pakistan’s Blockchain Gamble and Global Security

2025-08-17

I'm not an expert, but reading it, I see a lot more "possibles" than "dids." It looks like a legitimate setup, with reputable (Trump) people running it. Since Pakistain is involved, I agree that there is a possibility of things going south, but that's only because they're Paks.

Thank you for looking over this for me, Fred. I am completely not qualified to judge any of it.

[PJMedia] Pakistain, a nation frequently criticized for its dual role as both instigator and mediator in global security matters, is now on the verge of becoming a hub for blockchain transactions linked to jihadist funding, army and governmental manipulation, and political gain. The statistics are astonishing: As per official estimates from Pakistain, between 15 to 20 million citizens are currently engaged in trading crypto assets, positioning the country as the ninth largest globally in cryptocurrency adoption. However,
it's easy to be generous with someone else's money...
beneath this apparent growth lies a more ominous reality.

Pakistain's increasing involvement with cryptocurrency appears to be connected to some U.S. business ventures, some of which are affiliated with President Donald Trump
...Perhaps no man has ever had as much fun being president of the US...
's family. It also represents a potential crisis on South Asia’s geopolitical chessboard, with global impact.

The timing and character of Pakistain’s recent shift toward cryptocurrency are telling. On April 26 (just days following a deadly terror incident in Pahalgam), India and Pakistain entered into an agreement with World Liberty Financial (WLF), a cryptocurrency firm with ties to Trump's family. Eric Trump, Donald Jr., and his son-in-law Jared Kushner collectively own a 60% share.

WLF has introduced a stablecoin known as USD1, which operates on Binance’s blockchain. Binance was founded in 2017 by Changpeng Zhao, a U.S.-based Chinese developer. It is important to highlight that it is currently facing significant scrutiny from U.S. federal authorities and has been embroiled in money-laundering investigations. This very stable coin was utilized in a $2 billion investment transaction by MGX into Binance through WLF. Notably, MGX is an Emirati state-owned investment firm that was established by the Abu Dhabi government in 2024. His Highness Sheikh Tahnoon Bin Zayed Al Nahyan, the deputy ruler of Abu Dhabi, serves as the chairman of MGX. In straightforward terms, we are observing a geopolitical money-laundering scheme disguised as "financial innovation."

The signing ceremony between the Pakistain Crypto Council (PCC) and WLF took place in Islamabad, attended by Pakistain’s minister for information, Ataullah Tarar, PCC CEO Bilal Bin Saeed, WLF Co-Chairman Zachary Witkoff, among others. The WLF delegation included Zachary Folkman, Chase Herro, and Witkoff, who is the son of Trump’s special envoy, Steve Witkoff, as stated by Pakistain’s Finance Ministry.

This situation transcends mere economic development. It represents a weaponization of financial technology. The striking optics of this deal, which included meetings with Pakistain’s Army Chief Gen. Asim Munir, Prime Minister Shahbaz Sharif
'Shahbaz

...Pak dynastic politician, brother of PM Nawaz Sharif, chief minister of Punjab...
, and various cabinet ministers, convey a powerful message about who stands to gain and who might bear the consequences.

Since 2021, media outlets linked to ISKP (Islamic State

...formerly ISIS or ISIL, depending on your preference. Before that they were al-Qaeda in Iraq, as shaped by Abu Musab Zarqawi. They're really very devout, committing every atrocity they can find in the Koran and inventing a few more. They fling Allah around with every other sentence, but to hear western pols talk they're not really Moslems....
-Khorasan Province), including al-Azaim and Nashir Pakistain, have actively sought crypto donations while urging supporters to fund jihad through Monero and other privacy-focused cryptocurrencies. The jihadist group Katibah al-Mahdi fi Bilad al-Arakan, based in Myanmar and associated with ISKP, reiterated this appeal in its May 2021 publication, "Arkan: Ahsan al-Qasas." The increasing frequency of these solicitations indicates the existence of a complex, transnational financial network that is flourishing due to the crypto landscape that Pakistain is now endorsing.

The ramifications of the WLF and PCC agreement are significant. Firstly, Trump’s unexpected engagement in mediating the Kashmir
...a disputed territory lying between India and Pakistain. After partition, the Paks grabbed half of it and call it Azad (Free) Kashmir. The remainder they refer to as "Indian Occupied Kashmir". They have fought four wars with India over it, the score currently 4-0 in New Delhi's favor. After 72 years of this nonsense, India cut the Gordian knot in 2019, removing the area's special status, breaking off Ladakh as a separate state, and allowing people from other areas to settle (or in the case of the Pandits, to resettle) there....
conflict between India and Pakistain coincided with the WLF-PCC deal. This correlation raises concerns as Pakistain is the aggressor in the Kashmir conflict; the April 22 Pahalgam attack was committed by Pakistain-backed armed faceless myrmidons in Jammu and Kashmir, who murdered 26 civilians.

The Kashmir conflict, emboldened by Pakistain, is about expanding Islamic jihad and theocracy in South Asia. There is no colonialism on the part of India in Kashmir. The erstwhile ruler of Kashmir, Maharaja Hari Singh, at the time of Partition chose for his territory to become part of India, after armed tribal groups sent by Pakistain invaded to seize his land in 1947. Kashmir then legally acceded to India. Yet, Pakistain has continued to militarily occupy a portion of the state. Pakistain has since refused to comply with the requirements of United Nations
...the Oyster Bay money pit...
Security Council Resolution 47 and withdraw its military forces from the state. Today, Pakistain continues to occupy 30,160 sq. miles of Kashmir, which is known as Pakistain Occupied Kashmir (PoK) and the Northern Areas or Gilgit-Baltistan. Moreover, Pakistain's support or enablement of many Islamic terror groups in the region is well documented.

Secondly, by aligning with Pakistain’s cryptocurrency framework, U.S.-based businesses are inadvertently bolstering networks that have historically utilized Pak territory as a base for jihadist activities. The connection between WLF’s blockchain initiatives and terrorist financing mechanisms like Monero and Tether is well-documented. On February 12, Nashir Pakistain’s appeal for crypto contributions urged supporters to "do your part by contributing generously to jihad with wealth," designating Monero as the preferred method.

To begin with, this crypto-financial corridor could soon evolve into an ungovernable digital black hole. The IMF is pressing Pakistain to incorporate cryptocurrency into its tax framework to address its escalating debt, while the Pakistain Crypto Council is advocating for formal legalization. Clearly, Islamabad has made its intentions known. However,
it's easy to be generous with someone else's money...
regulation in Pakistain has a history of flexibility: often selectively enforced and frequently circumvented by the very bodies responsible for enforcing it. In this environment, the legalization of cryptocurrency does not signify a move towards modernization; rather, it paves the way for monetized militancy. Who can guarantee that Pakistain won’t eventually create a stealth Islamic stablecoin akin to their Islamic Nuclear Bomb in the future?

Moreover, there’s a parallel to Frankenstein’s monster: Just as the U.S. once supported the late Osama bin Laden
...... who is now among the dear departed, though not among the dearest......
during the Afghan conflict (only to witness that creation turn against its creator in the form of 9/11), the crypto framework in Pakistain could similarly backfire. Today’s blockchain wallets might become tomorrow’s bomb-making tools. The pro-ISIS media outlet Nashir Pakistain has already issued threats against the Gay Paree Olympics and the T20 World Cup, calling for assaults financed by anonymous crypto contributions. This unholy alliance of state actors, crypto magnates, and jihadist factions forms a dystopian trifecta; it is business stained with blood.

Simultaneously, if the U.S. government aids Pakistain in its quest to dominate the crypto landscape to counter India’s rising influence in the global south and dismantle India’s alternative digital payment systems like UPI and RuPay, this might lead to America’s own downfall in the future.

In conclusion, Pakistain's increasing involvement with cryptocurrency transcends mere digital finance. It represents a strategic geopolitical play that threatens India, global stability, and the very fabric of American democratic values. By allowing Pakistain, a state with ties to terrorism, to evolve into a crypto centre, Washington risks creating another uncontrollable entity. This time, however, the creature is woven into blockchain technology, shrouded in Monero, and fuelled by ideology.

Posted by:trailing wife

#1 Pakistain's increasing involvement with cryptocurrency appears to be connected to some U.S. business ventures, some of which are affiliated with President Donald Trump's family.

OhOh, a ~~Russian~~ Paki connection

Posted by: Skidmark 2025-08-17 01:13

00:00