Taliban Declare War on Bitcoin: Crypto Banned in Afghanistan as a “Scam”

Afghanistan looked set to be an unlikely success story for Bitcoin, but the arrival of the Taliban put an end to that.

The Taliban Bitcoin ban drove a burgeoning crypto market underground, but the asset and stablecoins had proven useful in a system where banking and remittances had failed. Related: Bitcoin vs. Gold: Is the World Finally Ready to Replace Gold with BTC?

Why Did the Taliban Ban Bitcoin and Cryptocurrency in Afghanistan?

Afghanistan’s Central Bank Orders a Nationwide Crypto Ban Da Afghanistan Bank took action against online trading, tightening a nationwide cryptocurrency ban, and issuing statements claiming there was no legal framework for licensed trading.