Bank Runners In Afghanistan See No Cash, Sought To Flee The Country After Tal...
As the Taliban advances after the President fled, Afghans fail to withdraw life savings due to cash shortage. Hundreds of residents of the Afghan capital, Kabul, rushed to banks on August 15 to withdraw money from their bank accounts as Taliban fighters took over the city demanding the government's surrender, Al Jazeera reported.After the Taliban takeover, which followed hours of negotiations for a peaceful transition of power with President Ashraf Ghani, Afghans and foreigners alike have been racing to the airport to exit the city. Ghani later left the country, and the Taliban said it....
Related News
As the political system collapses, so too does the financial one. Thus, more and more Afghan citizens will turn to crypto. “One of the greatest tragedies in life,” according to author K. L. Toth, “is to lose your own sense of self and accept the version of you that is expected by everyone else.” For the people of Afghanistan — almost 40 million of them — the loss of self, as well as the loss of life, has become a brutal reality. With the Taliban in control, chaos now reigns supreme. As businesses shut down, tens of thousands of people are desperately trying to flee the country. Moreover,....
The Afghan refugee believed the Taliban would restrict access to smartphones and the internet, making crypto mining impossible. An Afghan refugee who had planned to start a crypto mining business has been arrested in Turkey after illegally crossing the border.According to a Reuters report, Muhammad Ali’s goal was to mine Bitcoin (BTC) or Ether (ETH) in Afghanistan before the recent Taliban takeover, when he was forced to flee the country. He claimed that with the restrictions on personal liberties the group was likely to impose, smartphones with cameras could easily be deemed illegal, and....
A pioneering female CEO has been promoting Bitcoin in Afghanistan since 2013 and sees it needed in her home country now more than ever.
The troubles in Afghanistan rage on after the U.S. government spent 20 years and trillions of dollars on a conflict that was never resolved. The U.S. government, Federal Reserve, and allied partners have seized the central bank of Afghanistan’s assets and as time passes, the country’s citizens have run out of money. Regional reports show that “no one has money” after the U.S. seizure and under the current Taliban rule. Afghani Citizens Can’t Afford Daily Expenses as Money Runs Dry Years ago U.S. president George W. Bush initiated a war and occupation in....
The Afghan central bank declared forex trading un-Islamic and illegal earlier this year, and issued a warning about continuing activities a month later; now arrests have been made. Police have closed down at least 16 cryptocurrency exchanges in the Herat province of western Afghanistan in the last week, according to a report in Ariana News, an independent news outlet in that country. The report quotes a local police official as saying arrests had been made during the closures. The closures were carried out in response to a ban on crypto trading that had been in place for about three....