Main to remember
- The WORLD Liberty Financial and Pakistan cryptography council joins forces to advance blockchain innovation in Pakistan.
- The collaboration aims to launch bins of regulatory sand and to explore the tokenization applications of assets and stablecoin.
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World Liberty Financial (WLFI), the DEFI project approved by the Trump family, has entered a letter of intent (law) with Pakistan Crypto Council to advance the innovation of the blockchain and integration DEFI across the country, according to a new Techjuice report.
The agreement was signed on April 26 at a meeting between the co-founders of World Liberty, notably Zak Folkman, Zach Witkoff and Chase Herro, and the Pakistani Prime Minister and senior officials.
Under the terms of the law, World Liberty and Pakistan Crypto Council will collaborate to launch bins of regulatory sand to test blockchain -based financial products.
Additional areas of interest include promoting the growth of DEFI protocols, exploring the tokenization of real world assets such as real estate and basic products, expanding requests for discounts for funding and trade, and providing a strategic opinion on blockchain infrastructure and global regulatory trends.
“The youth and Pakistan technology sector is our greatest assets. Thanks to partnerships like this, we open new doors for investment, innovation and world leadership in the blockchain economy, “said Finance Minister Muhammad Aurangzeb.
Pakistan is currently dealing with around $ 300 billion in annual cryptographic transactions with 25 million active cryptography users. The country’s digital economy is supported by a young demography, with more than 64% of its population under the age of 30.
Bilal Bin Saqib, CEO of the Council supported by the Government, said that strategic collaboration aimed to empower the young population of Pakistan and to integrate the nation “in the future of global finance”.
In addition to his role in Pakistan Crypto Council, Bilal Bin Saqib joined World Liberty Financial as an advisor last week.
Earlier this month, Changpeng “CZ” Zhao, co-founder of Binance, was also appointed strategic advisor to Pakistan Crypto Council.
These developments are involved in the midst of reports according to which President Trump’s family had discussions to acquire participation in Binance.us.
According to the Wall Street Journal, Steve Witkoff, Trump’s chief negotiator for the Middle East and Ukraine affairs and the co-founder of the Father of the Liberty World, was involved in negotiations with Binance on behalf of the Trump family.
The reported acquisition could be structured directly or through World Liberty Financial.
CZ publicly criticized the report, rejecting it as a “attack on Trump and Crypto”.
World Liberty recently announced the launch of its Stablecoin Phare, USD1, on the BNB and Ethereum channel. The announcement follows the successful conclusion of a public token sale of $ 550 million.
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