Topic: Taliban Leadershipeadership Impose Ban on Cryptocurrency in Afghanistan - page 3. (Read 483 times)

If the Taliban regime imposed a ban on cryptocurrency trading even in a hypothetical situation if i was living their, i would not conduct any P2P transaction even if everyone convinces me that it is a safe proof method because you never know what kind of punishment you will receive in the unfortunate situation someone from the government try to infiltrate the P2P transactions to catch users making these transactions .

Yes, from their announcement it is something close to China. As a country they always try to stay away from the rest of the nations developing each and everything separately. This can be good, but the same won't help everytime. Afghanistan goes one step above China in some important needs like education, where women and men are allocated with different timings on schools.

What is interesting in this example is that the Taliban is classified as a religious extremist organization that is classified as a terrorist by many countries. When I find that he adopts a position on new technology, this in itself is a cause for surprise.

Most of the Taliban's policies seem to 'keep' their own ways and their own things on their own without having to rely much from the West in a lot of things. Probably a good thing for Afghanistan for it to retain its identity but it won't hurt for them to try some of freedom on their laws and how they do things. Cryptocurrency will still most certainly be used on a lot of things there, with it just being discreet. There isn't anything that can stop crypto to spread even if there are already written laws against it.

Lol,,, such a funny start but it does make a point. They are a young government and it was only a matter of time before they exercise policies such as these that tries to undermine and limit the rights of citizens in a bid to ensure complete control over its populace and finances.

Like many other nations before them, crypto would continue to be used through p2p systems and even in a more radical way too as, it is not just a means to transacting but a source of livelihood to most. The laws and restrictions would be there and the people would still try out there rights to own properties or assets.

There is many things going wrong now in the world and I still don't get it why the taliban would have to ban crypto when it is a way for people that are not so financially bouyant or have better things during can get into crypto and find a greenerpasture. How I hope the taliban would understand the benefits of Bitcoin and Cryptocurrency at large.
 Bitcoin had made many investors to be millionaires and more people are going to be financially stable by the time the crypto market becomes stable.

Taliban has their way working and they don't listen to anyone.
They have different mind set - and its not an easy task to mould their minds. So what they decided will stay there.

Let's think about why they need it?
It is impossible to ban cryptocurrency if the Internet is not blocked.
The first thought is to prevent the withdrawal of savings to other countries. If so, then over time the bans should be lifted.
Another thought is that it is not possible for opponents of the government to receive funding from other countries.

Afghanistan is like a newly independent country that has to start everything by approaching and exploring in such a way with great care and firmness. Don't know their new system of government yet but a bit like China, that's the way if they want to control the whole flow of finances while most of the population is still not accepting with the new rulers or maybe there are some rebels from them who are still under suspicion thus giving birth to this policy.

Probably an end for now, but sooner or later for sure they will accept it again just like what happened on many countries where they ban and unbanned Bitcoin. P2P might still be the option  but of course, if you get caught that you'll face consequences.

You can choose to travel abroad but I think it's not worth it if you are just holding small crypto, you just need to hold for now and secure that wallet. The market in Afghanistan is not that big, and they are experience a lot of problem since Taliban takes over their country, for now crypto user there should take cautious and avoid being caught.

Cryptocurrency Operations has been laid to halt in Afghanistan and the usage forbidden in the region as it is believed to have been the root in perpetrating fraud and the new regime of the Afghan leaders, the "Taliban" have directed everyone in the country to desist from it acceptance, usage and transactions involving cryptocurrency for making payments while it has banned the commercial banks from it either, many have been arrested for contributing to the use of cryptocurrency by engaging in trading crypto tokens and other related activities that supports the engagement of cryptocurrency within the rule of the Taliban regions in Afghanistan.

The Taliban leadership believed cryptocurrency as an aid in denying them have access over the control of the people's asset as cryptocurrency is believed to be a decentralized digital network whereby anyone can independently secure his financial assets without the rule of the Taliban, this is what they believed as against their ethics in the country and further places engaging cryptocurrency or uses attracts a purnishable act.


Over 20 businesses associated with cryptocurrency had been shut down in Afghanistan and the whole engagement of it has been banned just as in the case of China, hasn't this been an end to cryptocurrency in Afghanistan? or p2p can be use to circumvent the ban but if caught it's a purnishable offense.