This is a big blow to Afghan citizens, some of whom have been relying on digital assets to preserve their wealth and feed their families ❌
Afghanistan is clamping down on cryptocurrencies — with local reports suggesting that the Taliban have closed 16 crypto exchanges in one province alone.
The ban is understood to apply nationwide — and according to Bloomberg, several crypto dealers have been arrested after failing to comply with the Taliban's orders. Non-governmental organizations have been using crypto to ensure donations reach those who need it most — and digital assets have also become a compelling alternative for those unable to receive remittances from conventional sources.
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