Taliban crackdowns on cryptocurrency use in Afghanistan

The Taliban are cracking down on crypto traders in Afghanistan. The economy of Afghanistan has suffered since late the previous year when the Taliban took control over the jurisdiction on the 15th of August 2021. The Taliban’s seizure has pushed large areas of the nation into more poverty.

What led Afghans to turn to crypto?

After the Taliban’s capture of Kabul, the capital city of Afghanistan, the previous year Afghans turned to the utilization of crypto as the legacy money system has come to a halt.

Shed some more light

The Taliban have the police force within their control. In June, Afghanistan’s ruling Taliban group launched a new uniform for its national police force, stating that the stance would result in improved security in the conflict-torn country.

What happened in the past?

From the point of their comeback, the majority of banks had shut down, and those that were functioning witnessed long queues of customers trying to withdraw money.

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