September 03, 2021

Bitcoin Won’t Save the Afghan People

Source: Coindesk

Journalist: David Z. Morris

Over the past few years, the residents of countries in financial distress have increasingly turned to cryptocurrency. In Kenya, Nigeria, the Philippines and Venezuela, crypto adoption has been bottom-up. In Cuba and El Salvador, governments are moving to formalize the role of crypto in ways that could make it easier for citizens to use.

But even as a Taliban takeover seems poised to cut Afghans off from the global financial system and desperately needed international aid, the crypto option is unworkable for most residents of the central Asian nation.

Read the full story and more from Coindesk.

Authors

  • Alex Zerden

    Adjunct Senior Fellow, Energy, Economics, and Security Program, Founder, Capital Peak Strategies

    Alex Zerden is the founder of Capitol Peak Strategies, a risk advisory firm based in Washington, DC. Capitol Peak works with leading financial institutions, companies and orga...