With the sanction trend all over a place which doesn't support the USA's propaganda, they still have some good options to save their economy from inflation which is a cryptocurrency where they don't really need to worry about the US bullying them. Why are they sanctioning a country which doesn't give them any threat? what if they are the ones who will gonna face some massive sanction right after their economy failed in the upcoming days? Countries nowadays should not rely on them and they need to build their own like China did without relying on anyone but they're just relying on themselves.
The US will punish any country if it doesn't do as they please, they always open their mouth wanting to bring peace to the world but what they do is exactly the opposite. With the advent of cryptocurrencies now, countries sanctioned by the US no longer have to fear or depend on the US. They can start to rise on their own with the help of cryptocurrency, I hope these countries will soon turn crypto into their own currencies and no longer need to depend on the dollar. 
Topic: Afghans turn to cryptocurrencies amid US sanctions (Read 258 times)
Without sanctions we all know for sure that none of these countries were going to accept Bitcoin (most of them wouldn’t), but after they have been sanctioned, they now see the importance of having Bitcoin in their country and have decided that it is best for them to quickly adopt it or face the worst situation that is ahead of them.
Anyways, Bitcoin would be useful to them, but they shouldn’t really see it as a Savior because it wouldn’t really change much. The good thing is that there will be more people and institutions from these countries who would start investing in Bitcoin starting from now and it will help to boost Bitcoin on a long term.
Anyways, Bitcoin would be useful to them, but they shouldn’t really see it as a Savior because it wouldn’t really change much. The good thing is that there will be more people and institutions from these countries who would start investing in Bitcoin starting from now and it will help to boost Bitcoin on a long term.
With the sanctions happening plus the economical problems, it's no surprise for Afghanistan to resort into other alternatives, even more so in the case of Russians which has even more sanctions compared to Afghanistan. People who think that crypto currency is a saving grace from above are increasing specially those who have the mindset of a gambler or those that barely understands this industry. Now, will it be good for bitcoin and altcoins? Short term, yes. Mid term, no. Long term yes.
I only think that the effect will be noticeable on a long term. Since, we have seen the news of these countries that have adopted Bitcoin as of recent which includes Ukraine, Russia, and now Afghanistan, what changes have really seen that took place immediately? Nothing. So, short term and midterm? I don’t think so. I only think that the main effect that it would have will be on long term.As you have pointed out here, nothing serious would happen, these countries can’t get their situation right now changed because of they chose to adopt Bitcoin. But it is possible that there are some cases they will be able to get through by making use of Bitcoin. Apart from that, there isn’t anything happen. And Bitcoin shouldn’t be seen as bad because of the fact that it can be used by these countries.
A report from the BBC told that the Afghanistan government and Taliban's are using bitcoin and crypto as they have no option left after US Sanctions.
Same we see that Russians are also using bitcoins to prevent themselves from the bad effects of US sanctions.
Afghans turn to cryptocurrencies amid US sanctions
Do you think the bitcoin adoption of these countries and the reason for adoption is good for the bitcoin and cryptocurrency growth?
Same we see that Russians are also using bitcoins to prevent themselves from the bad effects of US sanctions.
Afghans turn to cryptocurrencies amid US sanctions
Do you think the bitcoin adoption of these countries and the reason for adoption is good for the bitcoin and cryptocurrency growth?
The only thing bad thing that might happen on it is they include it to list of sanction unto their country and ban bitcoin for a while but they are the one who get hurt from it since their citizens cannot use bitcoin while afghan and Russian can continue to transact by using it anywhere they want. The good effect on it is they can see how big the role play by bitcoin in terms in economy since this is totally a life saver to people who want to escape the unfair things happen to them and no one can control them from using it. Also this will start the hype as many would provably see that bitcoin has been much used and been noticed again in the mainstream.
If they use crypto, they can still be traced or monitored. Nations should be allowed to lead their financial part, at the end, it's the common man on the street that suffers all these sanctions and not top government functionaries.
There is a big difference between Russians who use it, and Taliban using it. I mean Russians are not guilty in this war, the dictator at their top is the guilty one but there are so many regular citizens who are not guilty, there are some who support this war as well so there is no denying that, and those are guilty as well, but there are innocent ones who are against the war as well.
In the end, we are talking about Taliban who has killed and murdered so many people to take over a whole nation, this is a terrorist organization now in control of a whole country and if you put that name next to bitcoin then we are not going to look like good guys here. It would hurt the image of bitcoin more than it helps.
In the end, we are talking about Taliban who has killed and murdered so many people to take over a whole nation, this is a terrorist organization now in control of a whole country and if you put that name next to bitcoin then we are not going to look like good guys here. It would hurt the image of bitcoin more than it helps.
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I don't think so there were any bad things to stop the crypto growth. Because it reminds us that crypto is a world that is not controlled by anyone, and that Afghans and Russians can take advantage of it now, although I hear a rumor that Russia will be banned but I don't know how to do it.
With the sanction trend all over a place which doesn't support the USA's propaganda, they still have some good options to save their economy from inflation which is a cryptocurrency where they don't really need to worry about the US bullying them. Why are they sanctioning a country which doesn't give them any threat? what if they are the ones who will gonna face some massive sanction right after their economy failed in the upcoming days? Countries nowadays should not rely on them and they need to build their own like China did without relying on anyone but they're just relying on themselves.
USA is a super power and there is no doubt about it. Most country's monetary policies are influenced by the US and their alliances. Since dollar is the global currency, it is very easy for US to put sanctions on any country as the dollar is their native currency. If you want to be independent, you need to build your wealth in bitcoin and then you do not care about the sanctions because you got the real freedom.
With the sanction trend all over a place which doesn't support the USA's propaganda, they still have some good options to save their economy from inflation which is a cryptocurrency where they don't really need to worry about the US bullying them. Why are they sanctioning a country which doesn't give them any threat? what if they are the ones who will gonna face some massive sanction right after their economy failed in the upcoming days? Countries nowadays should not rely on them and they need to build their own like China did without relying on anyone but they're just relying on themselves.
Makes sense to use crypto because there is just nothing for Afghans in this world. Even just stablecoin I think will work for them as long as the transaction fee will be a tiny fraction.
There are Volcanoes in Afghanistan, I think the Taliban government should also make use of them for mining BTC. They don't have money to govern the country anymore as we all know, their Billions were first frozen and will be distributed to 911 victims. Nothing will ever go for their country after that.
There are Volcanoes in Afghanistan, I think the Taliban government should also make use of them for mining BTC. They don't have money to govern the country anymore as we all know, their Billions were first frozen and will be distributed to 911 victims. Nothing will ever go for their country after that.
Whether it is an Afghan, or an American everyone is a human being. This means everyone have the right to make use of bitcoin. This is how it has been developed. Maybe the cause for which the same is being used may differ with people. Already the people are suffering out of different economic and state issues. By the time getting a solution could give some relaxation. Just with the term bitcoin is being used to fund Taliban, the common People's usage shouldn't be restricted.
The only way Afghans APR have that their money is in their power and safely is through Bitcoin, but what implications will impose them? I do not know if they somehow have them restricted them to Internet services, but in the way the Afghans are with that terrible dictatorship is something where one could imagine.
In this article, a young Afghan talks about how good transactions can be made through her cell phone.:
Source: https://www.aljazeera.com/news/2022/3/21/crypto-provides-fix-for-some-in-crisis-hit-afghanistan
Many Afghans like to receive everything they have from Crypto and pass it to cash, the new generations are the ones that are most adapted quickly.
In this article, a young Afghan talks about how good transactions can be made through her cell phone.:
Quote
“It’s also because we’re at a time when there are more solutions that allow you to trade cryptocurrencies on your phone and more people understand what it is.”
Source: https://www.aljazeera.com/news/2022/3/21/crypto-provides-fix-for-some-in-crisis-hit-afghanistan
Many Afghans like to receive everything they have from Crypto and pass it to cash, the new generations are the ones that are most adapted quickly.
In this case, you may think that's a good point of bitcoin and cryptocurrencies because they can bypass the sanctions from the USA and some other countries but we cannot forget what they do to their people, for some reason I have friends there and they gave me pieces of information about Taliban and Afghanistan government, unfortunately, maybe girls and women are in danger in Afghanistan and USA is trying to put the Taliban under pressure but they are using bitcoin to bypass the sanctions and that's not good at all.
as we see it this way, the role of crypto is somewhat not very nice. but this is one advantage when you are dealing with crypto, they can use it borderless without any intervention from 3rd party, unless they will convert their crypto to fiat. so if they are dealing with crypto, high likely that they have local exchanges as well to serve this market.
but what is happening in this country is somehow disturbing, don't know how to stop the abuse, but something should be done here. they have different approach because maybe of their beliefs or religion.
US open sanctions against Afganistan? Rofl. These people dont care about sanctions. These people are undefeatable. They were in war against Soviet in 1978, now US is fighting them. 40 years of war and this country is not bent and broken. Two most powerful countries fought them and they keep on fighting. Turning to crypto will only strengthen them. The world will suffer from that. Afghan opiates will become more affordable.
A report from the BBC told that the Afghanistan government and Taliban's are using bitcoin and crypto as they have no option left after US Sanctions.
Same we see that Russians are also using bitcoins to prevent themselves from the bad effects of US sanctions.
Afghans turn to cryptocurrencies amid US sanctions
Do you think the bitcoin adoption of these countries and the reason for adoption is good for the bitcoin and cryptocurrency growth?
Same we see that Russians are also using bitcoins to prevent themselves from the bad effects of US sanctions.
Afghans turn to cryptocurrencies amid US sanctions
Do you think the bitcoin adoption of these countries and the reason for adoption is good for the bitcoin and cryptocurrency growth?
No, definitely not. Now, just to be clear, I personally think that cryptocurrencies should be available to all, no matter their political views, skin color, religion, etc, just like the internet is. However, the adoption of the aforementioned countries could prompt countries on the opposite spectrum to demand more centralization on crypto to have the ability to control it in situations like this. Now, is that doable, that's not that easy, but it can be done.
In this case, you may think that's a good point of bitcoin and cryptocurrencies because they can bypass the sanctions from the USA and some other countries but we cannot forget what they do to their people, for some reason I have friends there and they gave me pieces of information about Taliban and Afghanistan government, unfortunately, maybe girls and women are in danger in Afghanistan and USA is trying to put the Taliban under pressure but they are using bitcoin to bypass the sanctions and that's not good at all.
Bitcoin would be another concern for the US if their sanctions don't work due to Bitcoin. Likely countries that are on US sanctions will use Bitcoin for transferring funds worldwide. It's pretty easy and has no prevention and limitations. Likely that's the reason Bitcoin showing positive movements. Those have no option to deal financially worldwide due to US sanctions, alternatively, they would move to Bitcoin without hassle. On the other hand, China helping Afghanistan which is another concern for the US.
Do you think the bitcoin adoption of these countries and the reason for adoption is good for the bitcoin and cryptocurrency growth?
It does not matter which country is using bitcoin or which country is adopting bitcoin. The point here is whichever country will use it, the demand of bitcoin will increase and in this way the bitcoin will be more valuable. I understand your point of view that the countries adopting it are the ones which are not liked by the majority of the world but its just a start. I am sure other more developed and more peace loving countries will adopt bitcoin too.
A report from the BBC told that the Afghanistan government and Taliban's are using bitcoin and crypto as they have no option left after US Sanctions.
Same we see that Russians are also using bitcoins to prevent themselves from the bad effects of US sanctions.
Afghans turn to cryptocurrencies amid US sanctions
Do you think the bitcoin adoption of these countries and the reason for adoption is good for the bitcoin and cryptocurrency growth?
Same we see that Russians are also using bitcoins to prevent themselves from the bad effects of US sanctions.
Afghans turn to cryptocurrencies amid US sanctions
Do you think the bitcoin adoption of these countries and the reason for adoption is good for the bitcoin and cryptocurrency growth?
I think America needs to reassess previous sanctions and carefully judge whether they are still required. I'm not sure about Afghanistan and Russia definitely needs them, but Iran seem to be unnecessarily cut off - after Trump broke the previous agreement which was heading back to normalized relations. It seems like a flood of cheap Iranian oil could really help the world economy right now and Israel/Iran both need to be forced to the negotiating table to work out compromises. Iran will be getting much richer off selling to China soon either way.
Yup, this can be a reason to save people economically from adversity. The economic effects of conflict sometimes result in more than the government's expectations so that the planned anticipation is not able to overcome it. On the other hand, the adoption of BTC due to evading sanctions will have a bigger downside especially involving several countries. The visible effect now is that BTC has a bad image.
As we know, no one can be prohibited from owning Bitcoin, even with the nature of its freedom, it has now become an alternative for a country to advance its infrastructure for the sake of the country's economic interests. No wonder why the country of Afghanistan is using cryptocurrency as an option. Moreover, they are a newly established country after a long war and experienced many economic collapses, of course if they rely on AFN money which is still weak, it will hamper the pace of growth for a long time. Whereas with Bitcoin they are able to multiply economic fulfillment quickly and massively.
I only see that these news represent limited use cases, and we cannot generalize them to all of Afghanistan, or Russia, and that the newspapers highlight these developments, which may not represent less than 1% of the total trade carried out by Afghanistan.
So it is inaccurate that citizens or governments rely mainly on Bitcoin to evade sanctions or find alternative payment methods for wire transfers, perhaps the volume of exchanges in Western Union is much higher than Bitcoin in that country (I don't know if Western operates in Afghanistan)
As for its impact on Bitcoin, it will not be negative. Bitcoin analysis networks, verify identity, and although the Bitcoin network is decentralized, it is easy to track privacy.
So it is inaccurate that citizens or governments rely mainly on Bitcoin to evade sanctions or find alternative payment methods for wire transfers, perhaps the volume of exchanges in Western Union is much higher than Bitcoin in that country (I don't know if Western operates in Afghanistan)
As for its impact on Bitcoin, it will not be negative. Bitcoin analysis networks, verify identity, and although the Bitcoin network is decentralized, it is easy to track privacy.
Do you think the bitcoin adoption of these countries and the reason for adoption is good for the bitcoin and cryptocurrency growth?
Bitcoin is for you, your friends, and your enemies. That's what a neutral decentralized money platform does — have no biases, hence the freedom.
What we're seeing with these two countries, despite the US economic sanctions, they still have a choice for them to thrive in other way in finance.
They're a country and the bitcoin community and its market is free for everyone. However, the same as with fiat, there are good and bad uses of it. Let's just hope for the sake of everyone and the best of it that they'll thrive together in a positive use of it.
We know what can go wrong as the usual taboo with bitcoin, being used by criminals, terrorists and for illegal purposes. There's the belief on those activities but it's gotten differently on these times and it's becoming more mainstream and its use is classified the same as the fiat money which is for good and bad.
Do you think the bitcoin adoption of these countries and the reason for adoption is good for the bitcoin and cryptocurrency growth?
Yes.They're a country and the bitcoin community and its market is free for everyone. However, the same as with fiat, there are good and bad uses of it. Let's just hope for the sake of everyone and the best of it that they'll thrive together in a positive use of it.
We know what can go wrong as the usual taboo with bitcoin, being used by criminals, terrorists and for illegal purposes. There's the belief on those activities but it's gotten differently on these times and it's becoming more mainstream and its use is classified the same as the fiat money which is for good and bad.
A report from the BBC told that the Afghanistan government and Taliban's are using bitcoin and crypto as they have no option left after US Sanctions.
Same we see that Russians are also using bitcoins to prevent themselves from the bad effects of US sanctions.
Afghans turn to cryptocurrencies amid US sanctions
Do you think the bitcoin adoption of these countries and the reason for adoption is good for the bitcoin and cryptocurrency growth?
Same we see that Russians are also using bitcoins to prevent themselves from the bad effects of US sanctions.
Afghans turn to cryptocurrencies amid US sanctions
Do you think the bitcoin adoption of these countries and the reason for adoption is good for the bitcoin and cryptocurrency growth?
- It is ofcourse good if it's used by normal people but if you are considering people using bitcoins for bad things then it's certainly a probelm as well
But bitcoins is trackable which means it's easy to see how it's used and for what purpose as well, that can be a very strong tool.
-Adoption of Bitcoins is very likely to happen on a larger scale since after the war of Ukraine and Russia considering how affected the government and people are by the ongoing sanctions which are still increasing everyday and would till Russia stops
-Adoption can provide an alternate to governmental controlled currencies and fiat making it better for people to have opportunities to control their own assets.
Every good invention have a negative application. Bitcoin was created to limit or even erode the negative effects of centralization, but it could still serve as a tool to invade legitimate sanctions.
In the case of Afghanistan I fully support their innovations to invade the US sanctions through cryptocurrencies because the US was the creator of the problems the Afghans are facing. The citizens of that country are suffering because of this sanctions, hence cryptocurrencies are doing their duty of helping people that needs assistance.
For Russia, Bitcoin is also doing thier job. Majority of Russians are controlled by the autocratic powers of Putin. They don't enjoy freedom to express their thoughts or beliefs. I am sure, many of them don't support the invasion of Ukraine. But they would suffer for committing no crime. Although, the government might use Bitcoin and others to invade sanctions which is wrong, but the people of Russia needs cryptocurrencies to be able to survive.
In the case of Afghanistan I fully support their innovations to invade the US sanctions through cryptocurrencies because the US was the creator of the problems the Afghans are facing. The citizens of that country are suffering because of this sanctions, hence cryptocurrencies are doing their duty of helping people that needs assistance.
For Russia, Bitcoin is also doing thier job. Majority of Russians are controlled by the autocratic powers of Putin. They don't enjoy freedom to express their thoughts or beliefs. I am sure, many of them don't support the invasion of Ukraine. But they would suffer for committing no crime. Although, the government might use Bitcoin and others to invade sanctions which is wrong, but the people of Russia needs cryptocurrencies to be able to survive.
The reason makes a whole lot of sense for Bitcoin and cryptocurrency growth and in general increasing adoption.
in other sense that it's in accordance to one of the reasons why Bitcoin and other digital asset were created... freedom from a total government control . Everyone wants to become their own bank ,so here Afghanistan and Russia want to become their bank without no one having to impose sanction on them, however realizing the usefulness of Bitcoin here and therefore taking the advantage.
in other sense that it's in accordance to one of the reasons why Bitcoin and other digital asset were created... freedom from a total government control . Everyone wants to become their own bank ,so here Afghanistan and Russia want to become their bank without no one having to impose sanction on them, however realizing the usefulness of Bitcoin here and therefore taking the advantage.
Not the first time Afghans have found a use for Bitcoin. I remember this story about Afghan women earning crypto in an economy that has traditionally been highly exclusive to women -- this was way back in 2014. Not sure what's happened or if any of them WAF girls ever made it to this forum. The website already redirects to a different one that doesn't even seem launched.
With all these developments I see about country X making inroads, I always wonder: why don't we see them here or on other platforms? Nigerians, even Iranians and Syrians I've noticed over the years. Southeast Asians absolutely.
With all these developments I see about country X making inroads, I always wonder: why don't we see them here or on other platforms? Nigerians, even Iranians and Syrians I've noticed over the years. Southeast Asians absolutely.
...Do you think the bitcoin adoption of these countries and the reason for adoption is good for the bitcoin and cryptocurrency growth?
It should be. Some people would still argue it's not good because "terrorists" are using it but it's working as intended. No banks or other third party that will stop the transfer of fund and nobody has the authority to dictate who can use bitcoin except miners I guess. It would be really bad if all miners starts blocking unconfirmed transactions. 
This sounds like fake news to me. The article is also mostly bashing Afghanistan's economy rather than talking about cryptocurrencies despite what it looks like (not that the economy is any good but still).
Keep in mind that the sanctions mostly coming from US started a very long time ago, I believe back in 2001. SWIFT wasn't really working with them that much either, and it doesn't really affect regular people's lives anyway!
Bitcoin adoption has also been growing for a couple of years not just recently after the great US escape of 2021. The escape and the subsequent (additional) sanctions just contributed a little to the adoption, so the first part is also not accurate.
Quote
"After the Taliban takeover, crypto spread like wildfire over Afghanistan," he said. "There is almost no other way to receive money".
The second part is nonsense. The banking system in Afghanistan has some issues but it is still working and people are using the local currency and can receive money. They just can't do it internationally and they face pretty much the same exact challenges as before.Keep in mind that the sanctions mostly coming from US started a very long time ago, I believe back in 2001. SWIFT wasn't really working with them that much either, and it doesn't really affect regular people's lives anyway!
Bitcoin adoption has also been growing for a couple of years not just recently after the great US escape of 2021. The escape and the subsequent (additional) sanctions just contributed a little to the adoption, so the first part is also not accurate.
Quote
Mr Hotak and his friends use Binance's P2P crypto exchange, which allows them to buy and sell their coins directly with other users on the platform.
I couldn't find anything in Binance rules that changed regarding Afghanistan, they are treating them the same as before. The fact that the article is trying to imply that he had to flee the country to continue using Binance is absurd. 
They're still going to need a huge overhaul of their financial system since they're going to need to make sure that they're not entirely dependent to USD but that's going to be tough given how even North Korea needs foreign currency like USD to make sure their country still function. Hopefully they will be able to live normally, a lot of innocent Afghans are being sandwiched to this Taliban occupation.
A report from the BBC told that the Afghanistan government and Taliban's are using bitcoin and crypto as they have no option left after US Sanctions.
Same we see that Russians are also using bitcoins to prevent themselves from the bad effects of US sanctions.
Afghans turn to cryptocurrencies amid US sanctions
Do you think the bitcoin adoption of these countries and the reason for adoption is good for the bitcoin and cryptocurrency growth?
Same we see that Russians are also using bitcoins to prevent themselves from the bad effects of US sanctions.
Afghans turn to cryptocurrencies amid US sanctions
Do you think the bitcoin adoption of these countries and the reason for adoption is good for the bitcoin and cryptocurrency growth?
Yes it has good side on it, awareness for the whole world that crypto is not owned by anyone and can be used by anyone, any state that has sanctions due to conflicts. The only problem is are they ready? It is a new technology for them, they need to educate their people about crypto currencies, it is from a scratch but better than nothing.
I don't think that this kind of things can be seen as bad for Bitcoin or crypto in general. You can't say that fire is bad if you use it in the wrong way (like when someone starts a forest fire). Just like that, no one can't say that crypto is bad because it can be used to avoid sanctions. Besides, "it takes two to tango". In another words, it takes someone who will accept Bitcoin from a sanctioned country and in my opinion that individual is doing the wrong thing.
With the sanctions happening plus the economical problems, it's no surprise for Afghanistan to resort into other alternatives, even more so in the case of Russians which has even more sanctions compared to Afghanistan. People who think that crypto currency is a saving grace from above are increasing specially those who have the mindset of a gambler or those that barely understands this industry. Now, will it be good for bitcoin and altcoins? Short term, yes. Mid term, no. Long term yes.
A report from the BBC told that the Afghanistan government and Taliban's are using bitcoin and crypto as they have no option left after US Sanctions.
Same we see that Russians are also using bitcoins to prevent themselves from the bad effects of US sanctions.
Afghans turn to cryptocurrencies amid US sanctions
Do you think the bitcoin adoption of these countries and the reason for adoption is good for the bitcoin and cryptocurrency growth?
Same we see that Russians are also using bitcoins to prevent themselves from the bad effects of US sanctions.
Afghans turn to cryptocurrencies amid US sanctions
Do you think the bitcoin adoption of these countries and the reason for adoption is good for the bitcoin and cryptocurrency growth?
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