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The Taliban seized control of Afghanistan one year ago. The Afghanistan's ruling group has started a crypto crackdown. So far, 13 people have been detained and more than 20 crypto exchanges have been shut down. (Read More)
The country’s central bank banned crypto one month ago. Severe economic sanctions have been imposed on Afghanistan. The Taliban starts
Since the Taliban forces took over the administration of Afghanistan, crypto activities in the country have endured huge setbacks. The Taliban has remained strict towards [...]
Afghan police forces are targeting crypto dealers for trading what is now considered fraudulent digital currencies by the nations central bank. “Fraudulent” Currencies The Taliban is coming for crypto owners....
So far, 13 people have been arrested, and more than 20 crypto-related businesses have been shut down in Herat.
We are witnessing a global cryptocurrency boom, but not all crypto adoption around the world is made equal.
The post Stablecoins are becoming a safe haven for Afghans fleeing the oppressive Taliban regime appeared first on CryptoSlate.
Crypto is becoming a sort of lifesaver for Afghanistan‘s citizens as the economy suffered a huge setback following the Taliban’s takeover of the country last August. In an economy that is mostly dependent on cash transactions, shortages have led to the shutdown of banks and other financial institutions. On top of that, non-governmental institutions like […]
A Pontifex carpet gifted to Pope Francis by Sheikh Mohamad Bin Zayed Al Nahyan during his visit to the Vatican in Sept 2016 was sold as an NFT for 25 Ether, approximately $81,886. (Read More)
A carpet presented by the United Arab Emirates as a gift to the head of the Catholic Church a few years ago has been sold in the form of NFT. While the original remains in the Vatican, its digital representation has been successfully used to collect funds for the people of Afghanistan. NFT of Historic […]
An anonymous letter details how technology has provided freedom in a society under great stress.
“This is a generation that grew up hopeful and dreaming about their future through educational opportunities,” said Women for Afghan Women’s U.S. country director Naheed Samadi Bahram.
The peer-to-peer monetary network doesn’t discriminate between race, gender, religion, or political inclination.
As Afghanistan staggers under an economical crisis triggered by the Taliban's takeover, its citizens embrace cryptocurrencies. (Read More)
A pioneering female CEO has been promoting Bitcoin in Afghanistan since 2013 and sees it needed in her home country now more than ever.
Bitcoin adoption in Afghanistan has increased as citizens seek stability in the face of cash shortages and rising prices after Taliban takeover.
The current chaos in the country has the Citizens of Afghanistan turning to bitcoin and other cryptocurrencies, fearing their national currency will collapse. The situation has Afghans so worried it's citizens driving more and more to digital currencies such as bitcoin, to avoid collapse.
“In Afghanistan, we don’t have platforms like PayPal, Venmo, or Zelle, so I have to depend on other things” Farhan Hotak told reporters. The 22 year old fled to the border of Pakistan with his family of 10 last week.
Afghanistan’s unknown economic outlook...
Afghanistan is not the first place to fall into a state of anarchy and have its citizens turn to crypto. Recently Venezuelan citizens did the same as their country faced revolution.
With the US and allies gone, also gone are hopes of Afghanistan becoming a regional leader, it's now simply a place people avoid traveling to. Their struggles have only gotten worse over the last couple of years.
Citizens use Bitcoin and other cryptocurrencies to stay afloat...
Afghans are using digital currencies and decentralized applications like Bitcoin and Ethereum to stay afloat in a war-torn nation where the traditional economy has collapsed and the government is cutting the power to everyday citizens. Bitcoin, Ethereum, and other digital coins are helping people around the world stay off the grid by sending small payments or transferring money to each other without going through banks. Some even pay utility bills and buy groceries with bitcoin.
In a country that's seen endless war, the increasing difficulty of acquiring goods, and the importance of cryptocurrencies are two of the biggest factors driving the adoption of digital money in Afghanistan.
The digital age is here...
Afghanistan isn't like anywhere else. Today, if you need to buy something, you better know how to use your phone. While the youth drive the nation's tech revolution, all around them old buildings are left deserted or crumbling because they cannot afford to fix them.
Cryptocurrency saves the day...
Endless conflict is the last thing any once-prosperous nation needs. Tens of thousands have settled in Kabul and other major cities to escape war-torn regions such as Kunduz and Lashkargah.
As mass outflows of hundreds of thousands are seen as a financial drain by the state, citizens are finding new ways to get around the inflation that has begun to affect the Afghan economy. No one knows how minor or severe the economic situation may become as the Taliban implements their plans for the country. It's this unknown that sends people looking for stability.
A sign of how unstable Afghan citizens worry things may become - they see the famously unstable Bitcoin as the more stable alternative.
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Author: Matthew Miller
London Newsroom
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