IMF Rejects Crypto Mining Subsidies in Pakistan


15h05 ▪
3
min read ▪ by
Gijs O.

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.

Illustration of a stern IMF official standing beside a Bitcoin mining facility and a sign that reads “No Subsidies,” symbolizing IMF opposition to subsidized crypto mining.Illustration of a stern IMF official standing beside a Bitcoin mining facility and a sign that reads “No Subsidies,” symbolizing IMF opposition to subsidized crypto mining.

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…

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