According to a <a href="https://www.bloomberg.com/news/articles/2022-08-26/taliban-ban-crypto-in-afghanistan-arrest-digital-coin-dealers#xj4y7vzkg" target="_blank" rel="nofollow noopener">senior police official</a>, the Taliban government has arrested many dealers who disobeyed orders to halt selling digital tokens after Afghanistan's central bank issued a statewide ban on cryptocurrencies this month.

Following some Afghans' use of cryptocurrencies to protect their riches and keep it out of the Taliban's hands, there has been a crackdown. Due to sanctions placed on the militant group, the country cuts off from the international financial system. It has turned to cryptocurrency as a common means of transferring money within and outside the nation.
<h2>Crypto Ban In Afghanistan</h2>
In the wake of a market crisis that destroyed $2 trillion in value and sent some well-known companies into bankruptcy, nations from Singapore to the US are strengthening cryptocurrency rules, but outright bans are much less common. Afghanistan has joined China in outlawing cryptocurrency transactions, which did in September 2021.

Syed Shah Saadat, head of criminal investigations at the police headquarters in Herat,
<blockquote><em>"The central bank gave us an order to stop all money changers, individuals, and businesspeople from trading fraudulent digital currencies like what is commonly referred to as Bitcoin,"</em></blockquote>
<h2>Afghanistan Among Top 20 Countries To Use Crypto</h2>
Afghanistan was one of the top 20 countries in the world in terms of cryptocurrency usage last year by blockchain research company Chainalysis. Results favor poorer countries based on purchasing power parity per capita. In February, the Taliban said they would research whether digital tokens are allowed under Islamic financial norms. They explored all potential solutions to rebuild the economy, which tanked after the US soldiers' disorderly exit from Afghanistan last year, opening the door for the Taliban to grab power.

Religious experts had long predicted that the Taliban would outlaw <a href="https://www.cryptoknowmics.com/news/ethereum-co-founder-says-cryptocurrency-payments-are-a-big-boost/" target="_blank" rel="noopener">cryptocurrency</a> because it has aspects of gambling and uncertainty prohibited in Islam. However, other nations with a sizeable Muslim population have adopted a more tolerant policy. Bahrain has endorsed digital assets since 2019, while the United Arab Emirates and Bahrain permit cryptocurrency trade in Dubai's free zone.

Crypto Ban in Afghanistan by Taliban, Dealers of Tokens Arrested

The Taliban government has arrested many dealers who disobeyed orders to halt selling digital tokens after the statewide crypto ban.

Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

Crypto Ban in Afghanistan by Taliban, Dealers of Tokens Arrested

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