🚨🇦🇫 Reports: The Taliban impose a sweeping ban on cryptocurrencies in Afghanistan! 📉
According to reports, the Taliban authorities have intensified their crackdown on cryptocurrency trading in Afghanistan, with the closure of shops and exchange platforms, and the arrest of a number of local participants.
These measures come amid a growing crackdown on P2P networks, after digital assets were deemed fraudulent activity, putting significant pressure on the local crypto market.
🔴 Key developments:
🚫 Broad ban: shutting down offices and cryptocurrency trading platforms, and tightening restrictions on P2P transactions.
📉 Sharp drop in activity: reports indicate a decline in monthly inflows from more than $150 million to less than $80,000.
⛓️ Increased enforcement: reports of arrests and targeting of local trading offices.
💵 $USDT : widely used as a means of saving and transfers, and the new restrictions may push some of this activity into the informal market.
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$PROM : among the assets that may be indirectly affected by the decline of local infrastructure and rising regulatory restrictions.
🤔 But the most important question remains:
Can governments fully stop decentralized trading? Or will the activity simply shift to channels that are harder to track?
⚠️ NFA — This content is for news purposes only and not financial advice.
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