Odaily Planet Daily News: Against the backdrop of energy shortages and budget negotiations, the International Monetary Fund (IMF) has questioned Pakistan's plan to allocate 2,000 megawatts of electricity for Bitcoin mining. The plan was announced last week to attract autonomous miners, blockchain companies and artificial intelligence companies to Pakistan. The IMF has asked the Pakistani Ministry of Finance to urgently clarify the legality of cryptocurrency mining and electricity allocation, especially in the context of the country's long-term energy shortages and financial pressures.
It is reported that the Pakistani government did not seek the advice of the IMF before announcing this decision. In addition, the IMF also expressed concerns about the potential impact of cryptocurrencies on Pakistan's electricity prices and resource allocation. It is expected that the two sides will arrange a separate meeting to discuss the Bitcoin power plan. (Cointelegraph)