Happycoin.club - The Taliban-controlled Afghan government has arrested eight crypto traders in Herat, a city in the northwest of the country.
In August 2022, the Central Bank of Afghanistan banned the use of cryptocurrencies in the country, shutting down more than 30 crypto companies operating in the region. To define trading in digital assets, authorities use the term “haram,” which refers to prohibited things in Islam.
The arrested crypto traders admitted that they used USDT trading to feed their families.
Now I don't know what to do. Prices for goods are very high, the economy is on the verge of collapse, said one of the crypto traders detained in May.
He added that selling USDT could put his life in danger, but “there is no other option.”
Afghans living in other countries often used cryptocurrency to transfer money to their family. Now that digital assets are banned, it takes about a week to receive transfers from abroad.
This is all because the country with a thousand-year history does not have access to traditional banking services and prohibits the only way to transfer money, said one Afghan who previously received money in stablecoins and bitcoins from his brother living in the United States.
It is known that the Taliban have not confiscated the assets of the detained traders, but they face up to six months in prison.
