IMF Rejects Pakistan’s Plan for Subsidized Power to Bitcoin Miners

International Monetary Fund rejected Pakistan’s proposal of bitcoin mining.
key Reason For IMF Rejections:

Market Distortion Risks
Infrastructures Stress
Lack of Consultation
Legal Uncertainty

Despite that both parties are working on the issue to resolve it through discussions and by involving the other development partners. The IMF rejection does not mean the end of Pakistan’s bitcoin mining ambitions. Rather it under scores the need for a more robust, market aligned and transparently negotiated framework.