Cardano founder says crypto will be vital to Afghani fight against Taliban
Afghans will leverage crypto assets as a store of value and to preserve financial privacy amid the Taliban’s dramatic insurgence, predicts Charles Hoskinson. However, he also believes the Taliban will embrace digital assets too. In a Sept. 1 interview with CNBC, Hoskinson, also a co-founder of Ethereum expressed his expectation that “cryptocurrencies will play a larger role in Afghanistan [...] in the war for and against the Taliban forces." Hoskinson highlighted the need for financial privacy-preserving technologies in Afghanistan, stating:Cardano founder Charles Hoskinson believes that....
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Crypto value received in Afghanistan surged in the wake of the Taliban seizing power in August 2021, but crypto markets have flat lined under the regime. The Taliban’s takeover of Afghanistan has had a “massive chilling effect” on the local cryptocurrency market, bringing it to an effective “standstill,” according to a recent report.Blockchain analytics firm Chainalysis in an Oct. 5 report stated the Middle East and North Africa (MENA) region saw the largest crypto market growth in 2022 but noted that Afghani crypto dealers had three options: “flee the country, cease operations, or risk....
Pashtana Durrani described the Taliban as "people who were fighting in rural and very mountainous regions" who don't have the proper background for modern financial literacy. Pashtana Durrani, the founder of an organization working to make education available to women and girls across Afghanistan as the country remains under Taliban rule, said the Islamic fundamentalist group has poor financial literacy, especially when it comes to crypto.In a Wednesday interview with political commentator Tommy Vietor from Pod Save the World, LEARN Afghanistan founder Pashtana Durrani said the....
The founder of Cardano and co-founder of Ethereum, Charles Hoskinson, says that he expects cryptocurrencies to “play a larger role” in Afghanistan amid war with the Taliban forces.
Charles Hoskinson Sees Cryptocurrencies Playing Larger Role in Afghanistan
Charles Hoskinson, the founder of Cardano and co-founder of Ethereum, explained in an interview with CNBC Tuesday that cryptocurrencies are likely to play a larger role in Afghanistan, citing a rising need for more privacy.
The Cardano founder believes that there will be ongoing civil war in the country....
Crypto is playing an important role for organizations looking to send financial aid to Afghanistan. Around 24.4 million afghans are in humanitarian need, but strict rules and sanctions forbid money to go into the country by traditional means. Immediate Support Is Needed Since the Taliban took over, the country has reached the verge of collapse. […]
The cryptocurrency caught hype in Afghanistan last year when the state’s economy got into trouble amidst the Taliban taking over Afghanistan in May 2021. After the Taliban came into power, the U.S. imposed sanctions that made buying crypto difficult, with western authorities ceasing billions of the assets of the country. But after things changed and […]