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Bangkok Post
Bangkok Post
Business

Taliban ban crypto in Afghanistan, arrest digital coin dealers

Taliban religious scholars leave after attending a public meeting on economic welfare at a private salon in Kandahar on Aug 18, 2022. (Photo: AFP)

Afghanistan’s central bank imposed a nationwide ban on cryptocurrencies this month and the Taliban regime has arrested several dealers who defied orders to stop trading digital tokens, according to a senior police official.

The crackdown comes after some Afghans turned to cryptocurrencies to preserve their wealth and keep it out of the Taliban’s reach. Crypto has become a popular way of moving money in and out of the country, which is shut off from the global banking system due to sanctions levelled on the militant group. 

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