Crypto advocates Mike Novogratz and Charles Hoskinson believe that cryptocurrencies could have eased the financial crisis in Afghanistan. After the Taliban invasion, locals and foreigners attempted to exit the country only to find their accounts under Taliban control.

The situation proved that safe banking control and central governments take away financial freedom. Novogratz, in a recent investor call, warned of a foreseen wealth confiscation. He offered Bitcoin as a solution considering its decentralized nature.

Charles Hoskinson also called an end to current-day traditional financial regimes. With the global attention focused on the situation in Afghanistan, most cryptocurrency advocates believe crypto coins are the answer. However, other crypto enthusiasts share a different opinion in that governments require tax money to run nations.

Established Bitcoin Advantage in Afghanistan 

CNBC spoke to crypto users in Afghanistan to establish how different their situation was. Farhan Hotak, a 22-year-old Afghan, used crypto to flee his family of ten from Zabul, southern Afghanistan, to the Pakistani border. His country relies mostly on the cash economy, and that could lead to difficulties for crypto users.

Crypto advocates Mike Novogratz and Charles Hoskinson believe that cryptocurrencies could have eased the financial crisis in Afghanistan. After the Taliban invasion, locals and foreigners attempted to exit the country only to find their accounts under Taliban control.

The situation proved that safe banking control and central governments take away financial freedom. Novogratz, in a recent investor call, warned of a foreseen wealth confiscation. He offered Bitcoin as a solution considering its decentralized nature.

Charles Hoskinson also called an end to current-day traditional financial regimes. With the global attention focused on the situation in Afghanistan, most cryptocurrency advocates believe crypto coins are the answer. However, other crypto enthusiasts share a different opinion in that governments require tax money to run nations.

Established Bitcoin Advantage in Afghanistan 

CNBC spoke to crypto users in Afghanistan to establish how different their situation was. Farhan Hotak, a 22-year-old Afghan, used crypto to flee his family of ten from Zabul, southern Afghanistan, to the Pakistani border. His country relies mostly on the cash economy, and that could lead to difficulties for crypto users.

In the middle of a financial crisis, Afghanistan has witnessed an increase in cryptocurrency investment. Since the takeover, reports suggest the country has been ranking in the top-20 of global adoption rates for crypto. In July, Google trends noted that the most searched words in Afghanistan were “Crypto” and “Bitcoin.”