Taliban Fighting Cryptocurrencies: 16 Stock Exchanges Closed, Dozens Arrested in Afghanistan

The Taliban banned cryptocurrency trading in June after taking control of Afghanistan. Local authorities have now begun to arrest people known to collaborate with cryptocurrency exchanges and shut down exchanges.

After the Taliban came to power in Afghanistan, it is known that the financial situation of the local people deteriorated as billions of dollars of international investments were cut off and US sanctions froze the country’s foreign assets. In June, Afghanistan Taliban-led central bank bans online currency trading and cryptocurrencies had been disclosed. a Taliban spokesman BloombergHe told Forex trading at banks. considered illegal and fraudulent. and “There is no instruction in Islamic law to confirm this.” told.

After the Taliban took control Afghan people’s interest in cryptocurrencies has increased rapidly and reached a critical position. At this point, Cryptocurrencies, which have become the only option for people to transfer money from abroad began to be used by the Afghan people in a way that serves their true purpose. Google trend data shows that web searches for “Bitcoin” and “Crypto” increased just prior to Taliban control. Afghanistan is in the Global Crypto Adoption Index, according to Chainalysis data from 2021 that maps the prevalence of digital assets around the world. It even entered the top 20 countries.

However, according to new reports from local media, the Taliban authorities are in the west of the country. in the city of Herat least Closed 16 crypto exchanges and began to arrest people who had ties to the stock markets. is reported. These arrests, three months after the ban on cryptocurrencies, are not uncommon for the Taliban, who hold radical views on many issues. While the local press did not make a statement about the names of the crypto money exchanges in question, it is stated that the Taliban organization will continue its retaliatory and arrest actions.

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