What the Taliban crackdown means for crypto’s future in Afghanistan

2022.08.30 03:06

What the Taliban crackdown means for crypto’s future in Afghanistan

With the rise of the Taliban last year in August, Afghanistan faced global sanctions that led to many international organizations and money transaction services halting operations in the country. This made room for digital currencies and stablecoins to be widely used, at least to send or receive remittances.

However, the Taliban government has recently banned cryptocurrencies and arrested 16 local exchangers in the Northwestern (NASDAQ:NWE) city of Herat in the past week, according to the provincial news website ATN-News.

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