IMF Rejects Pakistan’s Plan To Subsidize Power For Crypto Mining, Cites Market Destabilization Concerns
BitcoinistFriday, July 4, 2025 at 8:00:37 AM
The IMF has shot down Pakistan’s plan to use its extra electricity to subsidize power for crypto miners, arguing it could disrupt energy markets. Pakistan, which has a surplus of power, wanted to attract crypto mining businesses with cheaper electricity, but the IMF isn’t on board, fearing unintended consequences for the broader economy.
Editor’s Note: This isn’t just about crypto—it’s a clash between a country trying to leverage its resources for economic growth and an international watchdog worried about stability. Pakistan’s energy surplus could’ve been a golden opportunity for crypto miners, but the IMF’s rejection signals broader skepticism about mixing volatile digital assets with fragile energy markets. For crypto advocates, it’s another setback; for regulators, it’s a cautionary move. Either way, it shows how tricky it is to balance innovation with financial oversight.
— Curated via WP Now’s
