Cardano Founder says crypto can help Afghanistan in this situation

Charles Hoskinson pointed out many things about the crypto use in Afghanistan to help store the value of money and keep their Money untraceable.

In the present time, Taliban attacked Afghanistan and right now the situation of Afghanistan is at that level where no one can expect. On one side lots of killing are going on and on the other side a huge crash in the value of fiat can be seen. It seems that problems are not going to end for the Afghanistan citizens.

In an interview on CNBC, Charles Hoskinson, CEO & founder of Cardano and also Co-founder of Ethereum project, pointed out many advantageous factors of crypto use in this time for Afghanistani people.

Charles says that if Afghanistan’s people will use the cryptocurrency then in that situation people will have an option to store the value of their money. And also they can hide their money in the form of crypto assets from the Taliban. 

“cryptocurrencies will play a larger role in Afghanistan …in the war for and against the Taliban forces.”

Here it should be noticed that Afghanistan is at a very low level in terms of development & education. People are not much aware about crypto, so in this situation how they can buy/sell crypto assets. 

Even many banks are closed by the Taliban’s forces. And also many international banks stopped their support for Afghanistani banks. So in this Situation, it is very tough for Afghanistan people to use crypto.

A recent report we covered, where a person of Afghanistan was looking to set up a crypto mining business but due to these measurable situations, he flees from Afghanistan but caughted on the border of another country.

Read also: A Russian Stole $217,440 worth of crypto mining rig, don’t know how to use