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IMF Blocks Pakistan's Proposal for Large-Scale Bitcoin Mining Due to Energy and Legal Concerns

The IMF rejected Pakistan's proposal to allocate 2000 MW of electricity for Bitcoin mining and data centers (AI). The fund stated that subsidized tariffs could harm the energy sector, and they reminded that the legal status of mining in the country remains unresolved.
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AI Analysis

The rejection by the IMF of Pakistan's plan to dedicate 2000 MW of electricity for Bitcoin mining and AI data centers underscores the careful consideration of economic and legal stability. The concern...

AI Recommendation

Given the IMF's position and the current uncertainties, it is advisable for stakeholders to adopt a wait-and-see approach regarding Bitcoin mining expansion in Pakistan. Immediate involvement could be...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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