Afghanistan closes 16 crypto exchanges, arrested employee: report
According to locals, locals who were involved in crypto bonds in all of Herat were arrested and their business was closed by the Taliban Central Bank in June. In June, the online trial trade crypto was critical for some in Afghanistan after the Taliban last year, but the authorities are now tough against the local scene and concluded at least 16 Crypto exchanges in the western province of Herat of the country. The step takes place three months after Afghanistan banned crypto trading in the country. Notes local independent Outlet Ariana on Wednesday. It was not mentioned which crypto exchanges were affected by the closures. ...
Afghanistan closes 16 crypto exchanges, arrested employee: report

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According to reports, locals who were involved in crypto exchange in all of herat were arrested and their business was closed
- Afghanistan by the Taliban Central Bank banned the online visen trade in June
crypto became critical of some in Afghanistan after taking over the Taliban last year, but the authorities are now tough against the local scene and reports reported at least 16 crypto exchanges in the western province of Herat of the country.
The step takes place three months after Afghanistan banned crypto trading in the country. noted Local independent outlet ariana on Wednesday. It was not mentioned which crypto exchanges were affected by the closures.
Sayed Shah Sa’Adat, head of the police unit for fighting crime, said reporters that the central bank had banned the crypto trade because the practice had caused problems and fraud. All people who were involved in the local crypto transactions were arrested and their business was closed, he said.
In June, the central bank Afghanistan led by the Taliban is said to have banned the online tread trade. A spokesman said Bloomberg Illegal and fraudulent, and "there is no instruction in Islamic law to approve this".
It is not clear whether the trade in cryptocurrencies in particular fell into the scope of this ban.
After the Taliban had returned to power in Afghanistan, the financial situation of the local people deteriorated because the foreign aid was stopped at billions of bills and the US sanctions inspired their abroad.
The effects of the takeover by the Taliban but the local interest made sanctions difficult for the residents to buy.
Data from Google Trends show that web searches for "Bitcoin" and "Crypto" rose shortly before the takeover. Even Afghanistan occurred The top 20 countries in the Global Crypto adoption of chainlyysis in 2021, which depicts the spread of digital assets all over the world.
Many supporters, including deputy US finance minister Wally Adeyemo, have suggested that crypto payment rails are potential to overcome life in complicated situations.
"Imagine what a smooth, global digital payment system could do with appropriate controls for illegal finances for people in places like Afghanistan - if relatives abroad could easily send transfers or if NGOs could pay their employees on the other side of the world with a click button on a smartphone", adeyemo said at the consensus 2022 at the beginning of this year.
The Afghan central bank did not answer the request from Blockworks until the editorial deadline.
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The contribution "Afghanistan Shuts 16 Crypto Exchanges, Arrests Staff: Report" is not a financial advice.