Taliban Shut Down 16 Bitcoin Exchanges, Arrest Employees!

The Taliban, who seized power in Afghanistan, continues to put pressure on the people with radical decisions taken in many areas of life.

three months ago Taliban administration in the country cryptocurrency banned its trade.

According to today’s news At least 16 cryptocurrency exchanges in the state of Haret have been shut down.

Sayed Shah Sa’adat, head of the crime-fighting unit, told reporters that the central bank has banned cryptocurrencies on the grounds that they cause some problems and scams. Confirming that businesses related to cryptocurrencies were closed, Sa’adat said that people working there were also arrested.

Speaking to Bloomberg after the ban in June, an official stated that “they see Forex trading as fraudulent and there is no instruction in Islamic law to approve this”.

After the country came under Taliban rule, foreign aid was cut off and the people became even poorer due to US sanctions.

Interest in cryptocurrencies in the country increased during this period, with Afghanistan entering the top 20 in Chainalysis’ 2021 global crypto adoption index.

However, the latest news shows that the industry is facing pressure from the Taliban administration.

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