IMF asks Pakistan to tax crypto investments in exchange for $3 billion bailout

The International Monetary Fund (IMF) has requested that the Federal Board of Revenue (FBR) in Pakistan impose capital gains tax (CGT) on cryptocurrency investments as one of the requirements to qualify for $3 billion in aid. The $3 billion in aid provided by the IMF aims to stabilize Pakistan's statutory economy, which is suffering from excessive inflation, and prevent it from defaulting on its debt. If Pakistan agrees to these conditions, the IMF will pay approximately $1.1 billion.