No Subsidies: IMF Halts Pakistan’s Subsidized Power for Crypto Miners

The International Monetary Fund (IMF) has rejected Pakistan’s proposal to provide subsidized electricity tariffs for cryptocurrency mining operations, citing concerns that such a move would create economic imbalances and distort the nation’s fragile energy market.  Notably, the proposal aimed to boost electricity consumption and incentivize crypto-related industrial activity. It was presented by the Power Division […] The post No Subsidies: IMF Halts Pakistan’s Subsidized Power for Crypto Miners appeared first on Coin Edition.