Home Cryptocurrency News Growing Use of Cryptocurrency in Afghanistan Poses Security Concerns

Growing Use of Cryptocurrency in Afghanistan Poses Security Concerns

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The Taliban takeover of Afghanistan has fueled a surge in the usage of cryptocurrency as Afghans grasp for tactics to deal with a deepening monetary disaster, market analysts and native merchants say, a development that will provide hope for an ailing financial system, however that poses issues for Western safety officers.

The attraction of cryptocurrency grew as Afghans noticed it as a protected place for his or her funds and as digital-currency transactions continued within the wake of the Taliban’s seizure, whereas Western governments, banks and money-service companies cut off access to other forms of finance, native merchants say. The cryptocurrency possibility has supplied a small however important monetary lifeline amid a money crunch in an financial system racked by political disaster.


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