Afghan safety forces have closed down no fewer than 16 cryptocurrency exchanges in Afghanistan.
Reports indicate that the exchanges closed down are within the western Herat province.
Afghanistan’s Central Financial Institution in Kabul had previously declared dealing in foreign currency online is opposed to Islamic rulings.
The agency had threatened to prosecute anyone found wanting for the offense.
The head of the counter-crime unit of the Herat police, Sayed Shah Sa’adat speaking in this regard reiterated the stance of the Da Afghanistan Financial institution (DAB) that cryptocurrency trading could leave investors at risk of scams.
Confirming the arrests, Sa’adat said “We acted and arrested all of the exchangers concerned within the enterprise and closed their retailers.
Local media reports indicate that the rise in cryptocurrency adoption had helped residents evade the potential seizure of their finances by the federal government.