The Taliban have finally outlawed cryptocurrency in Afghanistan, although many users and dealers consider this to be one of the 'worst' government choices to date.
ASEEL accepts Bitcoin, Litecoin, Ethereum, and other major cryptocurrencies, which are used to purchase supplies. But as Nasrat Khalid, the founder of ASEEL, explained, it can’t provide direct cash payments in Afghanistan because of the sanctions. “We’ve helped 55,000 people, a lot of traction in the last six months.
Chainalysis’ 2021 Global Crypto Adoption Index gives Afghanistan a rank of 20 out of the 154 countries it evaluated in terms of overall crypto adoption. And when you isolate for its P2P exchange trade volume, Afghanistan jumps up to seventh place.
“Afghanistan is an unexpected country, and you have to be ready for anything,” he said. While Hotak thinks that crypto is his future, for now, the bulk of his income comes from day labor jobs, like shoveling, brick work, digging wells, and running a tailor shop that makes clothes. “Zabul is not a very developed city.
However, new research from blockchain data firm Chainalysis is offering fresh optics on the country’s apparently burgeoning peer-to-peer (P2P) crypto network, which is increasingly the most telling metric of adoption in Afghanistan.
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