IMF Rejects Crypto Mining Subsidies in Pakistan
15h05 ▪
3
min read ▪ by
The International Monetary Fund has rejected Pakistan’s proposal to subsidize electricity for crypto mining operations, citing concerns over market distortions and energy infrastructure strain.
The decision poses a setback to Pakistan’s ambitions to become a regional crypto mining hub, just two months after announcing the creation of a strategic Bitcoin reserve.
In brief
- The IMF has rejected Pakistan’s plan to subsidize electricity for crypto mining operations.
- Officials…
