The Taliban has announced a ban on cryptocurrency in Afghanistan, according to Techub News, which cited Cointelegraph. The move comes after Afghan residents had previously turned to crypto as a way to preserve assets and avoid Taliban wealth controls. The report did not provide additional details on the scope of the ban, enforcement measures, or a specific timeline beyond saying the restriction has been announced. It did, however, point to crypto’s earlier role as a tool used by people in Afghanistan to hold value outside the reach of wealth controls. With the source material limited to a brief update, no further information was disclosed about affected tokens, platforms, or penalties.
The Taliban has announced a ban on cryptocurrency in Afghanistan, according to Techub News, citing Cointelegraph.
Before the ban, people in Afghanistan had used crypto to preserve assets and avoid Taliban wealth controls.
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