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Afghan police close down cryptocurrency exchanges to enforce central bank ban: Report

Published 08/25/2022, 01:57 PM
Updated 08/25/2022, 03:40 PM
Afghan police close down cryptocurrency exchanges to enforce central bank ban: Report

Police have closed down at least 16 cryptocurrency exchanges in the Herat province of western Afghanistan in the last week, according to a report in Ariana News, an independent news outlet in that country. The report quotes a local police official as saying arrests had been made during the closures.

The closures were carried out in response to a ban on crypto trading that had been in place for about three months, according to the report. It was apparently referring to a ban imposed on online foreign exchange trading by the central bank Da Afghanistan Bank in June. A central bank spokesman told Bloomberg at that time:

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