Pakistan announced on Saturday that it has begun an agreement with President Donald Trump-supported the world’s Liberty Financial to accelerate the journey against legal adoption of digital currencies in a step that may follow a number of legal changes to inch against the crypto world.

The Ministry of Finance published the announcement after separate meetings between World Liberty Financial (WLF) Delegation and Chief of Army Staff General Asim Munir, Prime Minister Shehbaz Sharif and Deputy Prime Minister Ishaq Dar. Deputy Prime Minister is interested in promoting cryptocurrencies.

“World Liberty Financial, the decentralized funding (defi) platform supported by US President Donald Trump, has signed a landmark for intent (LOI) with Pakistan Crypto Council (PCC) to speed up blockchain -Innovation, stigecoin -adoption and decentralized Finance (Defi) Integration throughout Pakistan,” Ministry of Funding.

The public notice of the signing of the Intension letter was made a day after President Donald Trump commented on the recent wave of hostilities between India and Pakistan.

“I’m very close to India and I’m very close to Pakistan … they get it out of it one way or the other. I’m sure … I know both leaders,” Trump said.

The Ministry of Finance stated that the WLF delegation – including Zachary Folkman, Zachary Witkoff (son of Steve Witkoff, who is the US special envoy to the Middle East), and Chase Herro – met with Pakistan’s leadership, including Prime Minister, Head of Army Staff, Deputy Minister, Minister of Information Minister to formalize cooperation.

It added that cooperation will mark a big step towards the positioning of Pakistan as a global leader in the digital finance revolution.

Early this month, Pakistan also appointed Changpen Zhao, founder of Binance and one of the most influential figures in Web3 as a strategic adviser to Pakistan Crypto Council. Zhao had also met with Shehbaz Sharif, Ishaq Dar, Finance Minister Muhammad Aurangzeb and Punjab Leadership, in addition to meeting other important stakeholders.

Last month, Reuters reported that the Trump family has a claim of 60% from the world’s Liberty economic operations when the core business gets started.

In January, the World Libery revealed that the Trump family had taken control of the business. Two of its co-founders, Crypto-Entrepreneurs Zak Folkman and Chase Herro, were replaced as the controlling parties from the world’s freedom of a unit where the Trump family has a 60% share, according to Reuters.

The WLF goal is to give people access to financial services using cryptocurrencies and without intermediaries such as banks in what is called decentralized financing or defi. World Liberty Financial last month raised $ 550 million selling so -called government tokens. Most of these sales took place after Trump’s election winnings in November, Reuter’s calculations show.

The Ministry of Finance said Pakistan’s proactive approach shows its commitment to embracing the next wave of financial innovation.

“The government has signaled plans to advertise extensive crypto-legalization policies very soon and further strengthen Pakistan’s position as one of the fastest growing crypto markets in the world,” according to the Ministry of Finance.

Shopping in cryptocurrencies is so far illegal in Pakistan, and the State Bank of Pakistan has gradually recommended to adopt the new currencies and begin with centralized digital currencies.

The Ministry of Finance said the letter of intention was signed during the World Liberty Financial and Pakistan Crypto Council meeting. The meeting included the Minister of Finance in Pakistan, CEO of the Council, Governor State Bank of Pakistan, Chairman SECP and Federal Secretary of Information Technology.

The scope of collaboration between Pakistan Crypto Council and World Liberty Financial outlines collaboration on the launch of regulatory sandboxes for blockchain-financial product testing that facilitates the responsible growth of defi protocols and exploration of tokenization of assets in the real world as real estate and compperwities.

Among other areas of cooperation, stablecoin applications for transfers and trade are expanding and providing strategic advice on blockchain infrastructure and global legislative trends, according to the Ministry of Finance.

The ministry said Pakistan offers one of the world’s most promising digital economies with over 64% of its population under 30. The country ranks among the top in the global crypto recording with an estimated $ 300 billion in annual crypto transactions and 25 million active crypto users.

With rising mobile penetration, a vibrant freelance economy and strong government interest in Blockchain, Pakistan’s youth is uniquely placed to run the next wave of web3 innovation, it added.

Pakistan’s youth and technology sector is our greatest assets. Through partnerships like this, we open new doors for investment, innovation and global leadership in the Blockchain economy. Finance Minister Muhammad Aurangzeb said

CEO of Pakistan Crypto Council Bilal Bin Saqib added that collaboration with World Liberty Financial is more than just a partnership – it is a strategic step to strengthening our young population and integrating Pakistan in the future of global funding.

World Liberty Financial Leadership praised Pakistan’s dynamics and said, “Pakistan’s energy, vision and talent make it one of the most exciting places in the world to build the future of decentralized funding.”

Meanwhile, Minister of Information Attaullah Tarar said there were good opportunities related to cryptocurrency in Pakistan.

When he spoke on the occasion of the signing of agreements between Pakistan Crypto Council and World Liberty Financial, Tarar said a crypto advice has been created in Pakistan.

“Pakistan has made progress related to crypto in a very short time,” Tarar said.

The Minister noted that there were attractive investment opportunities in various sectors in Pakistan.

CEO of Pakistan Crypto Council Bilal Bin Saeed and co -founder of World Liberty Financial Zach Witkoff also spoke with the media.

Bilal Bin Saeed welcomed the cohabitation of the World Liberty Financial Zach Witkoff Welcome to Pakistan.

Talking to the apartment said Zach Witkoff that Pakistan was a rapidly growing economy and that there were opportunities for investment.