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The Future of Cryptocurrencies in Afghanistan

From born2invest.com

The withdrawal of US troops has plunged Afghanistan into a deep financial crisis. This has resulted in a nationwide cash shortage, a sharp increase in the price of everyday goods, and closed borders. In addition, as the national currency has quickly fallen to record lows, banks are running out of cash, leading to closures across the country. This situation makes withdrawing cash an impossible endeavor. The resulting political turmoil has also led to a steep rise in crypto usage. Afghanistan ranked 20th in the 2021 Global Cryptocurrency Adoption Index, and some Afghans transferred their savings to digital assets ... (full story)

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