Pakistan Crypto Council CEO Bilal said he was only following what US doing and considering Bitcoin Strategic Reserve so why is IMF not bothering US with its policies when its also creating market distortions.

Bhutan I think is doing the same thing too which they are using the power from their hydro power plants to mine Bitcoin. I think the rest of the world should be doing the same thing like the Volcano of El Salvador. There is a chance the finance crisis of these countries will be saved by BTC.

It seems the IMF always has a problem when BTC is involved, they are trying so hard to slow down adoption, but it continues to grow and they are just grasping at straws at this point. First, they had to force El Salvador to reduce their involvement in BTC in order to give them a loan, now they don't approve of Pakistan subsidizing electricity for crypto mining, because according to them it will disrupt the energy market. If the IMf had their way, they'll stop every country from getting involved in BTC, lol.

However, the plans are not off yet, Pakistan is still in discussion with other organizations, though the chances of implementing this has obviously reduced.

Won't be the first time a country's rejected IMF or the World Bank outright -- even from the 1990s several countries in Southeast Asia went ahead with fiscal policies that later proved to be the right course of action, despite vehement protest and warnings from the big boys at IMF and WB.

Not saying they're necessarily evil. They do have a duty to warn and advise when a country is seemingly committing economic seppuke but I don't get the fear behind PK's move (if true). There are far bigger problems they need to solve on the ground. PK may have a power surplus but they need to fix their regional grids. Ask any Pakistani if they have ever went through an entire year without power cuts.

I assume that the IMF does not want Pakistan to go further in mining, it will make it easier for Pakistan to accelerate its economic growth. And politically, India may not want that to happen to its competitors so there is a lot of involvement to prevent Pakistan, this is just my assumption. What is certain is that the IMF is trying to limit Pakistan's income as much as possible so that they can monitor it.

Bitcoin mining is often a great way to make use of excess energy capacity. Why let all that extra energy go to waste?
There are many successful models of bitcoin mining including Bhutan, El Salvador, Texas, even China.

Why not start with a small scale mining pilot program and see how it goes? To hell with the IMF.

The IMF doesn't want poor countries to achieve success and economic independence because it threatens their power
and control over them. They want to keep them poor and trapped in their system of debt slavery forever.

I was going to ask what hold does the international monetary fund (IMF) have on this countries, but your ending statement explains it all.
This is why dependence can be very dangerous and limiting most of the time, it is hard to ignore the advice or restriction of someone you clearly and obviously depend on for something very important to you...

I believe this is how this countries depend on IMF, if not, I see exactly no reason why any country would allow an external body or organization decide what happens or not happen in the country when the government of the country and the people have decided on what to do or invest in to move their country forward.

Here I have to be agreed with you partially dependence is always dangerous but need to understand IMF mostly used double standards for developing countries because they are giving them good profit, and they are also having good control of their economies as well.
If they will be allowed them to have done things freely this could never be allowed them to have control of these developing countries which are under their control IMF giving them money in shape of loans after having approval from USA then they are controlling them and having their own interest just because of this its never been easy for these countries to go against this system.
Pakistan is not stable country which will go against them and done anything which will hurt their interest currently its just start in next few weeks many more complications will be appeared, and then we all will be watch how things will be gone out of way for them as they are looking for crypto as safe heaven.

It is no coincidence that the IMF is putting pressure on Pakistan or El Salvador, because both countries have bad economies and are borrowing money from the IMF. That is why they can interfere in the internal decisions of these two countries.
These two countries could ignore pressure from the IMF, but if they do, their aid will be cut off and their economies will likely get worse.


If bitcoin can save a country's economy from crisis, why is El Salvador's economy still struggling and at risk of default even though they adopted bitcoin since 2021? Why do they have to beg the IMF for loans and endure pressure from this organization?

I don't think this is relevant to India because the IMF not only attacked Pakistan but also attacked El Salvador, and they only interfere in what is related to bitcoin, not all economic decisions.

Furthermore, bitcoin mining is just a small part of Pakistan's plan to boost its economy and not a key industry for the country. If the IMF doesn't want Pakistan to improve its economy, why did they decide to lend money?

The simple reason is because the IMF doesn't like bitcoin and they don't want their borrowing countries to adopt bitcoin.