Amid Taliban takeover, aspiring crypto miner flees Afghanistan
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....
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Bitcoin adoption in Afghanistan has increased as citizens seek stability in the face of cash shortages and rising prices after Taliban takeover.
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....
Law enforcement in Afghanistan has shut down over a dozen crypto exchanges in Herat, detaining the people who were running them. The offensive comes after the introduction of a ban on online foreign exchange that the Taliban seem to have applied to coin trading as well.
Taliban Government Goes After Crypto Trading in Afghanistan Citing Scamming as Motive
Afghan security forces have closed down a number of crypto exchanges in the western Herat province in the past week, the English-language Ariana News portal reported on Tuesday. At least 16 platforms trading digital currencies....
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 […]