Can crypto help Afghans? Some think so
Al JazeeraCrypto enthusiasts say it’s the only solution to the cash crunch that was created when the Taliban took over. “If we could have introduced people to crypto earlier, then the banking system could have been saved,” says Sayed Mansoor, one of the founders of the Falcon Investing Company, which trades crypto and runs a crypto-to-cash exchange while also offering training courses to anyone interested. “If the most advanced societies haven’t fully accepted it yet, how can a developing nation like Afghanistan suddenly turn to crypto?” Habibi told Al Jazeera. Governments are constantly looking for ways to tax citizens on their realised and unrealised gains on their investments and crypto transactions are nearly impossible to trace.” But he says Afghanistan is at an advantage, because the nation does not have capital gains taxes or properly implemented sales and income taxes, “so we would have no problem implementing some type of central bank digital currencies. “When we first went to the Central Bank, they didn’t know what crypto even was, so we realised we have to create a thorough, detailed proposal that starts from zero,” said Salehi.
History of this topic
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'World's Best Performing Currency': Afghanistan's currency surges amid unique circumstances
Firstpost
Taliban bans the use of foreign currency across Afghanistan
Al Jazeera
Taliban took Afghanistan but face cash squeeze
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