War-torn nations are turning to crypto

Ukrainians are snapping up digital coins to preserve their wealth, but they’re not the only war-torn nation to adopt cryptocurrencies

Afghan’s are snapping up digital coins to keep it away from the Taliban.

Many customers are looking to buy into stablecoins, which are digital currencies linked to assets like the dollar.

They are also designed to hold their value, which is crucial in Afghanistan’s volatile political environment.

In one case, a young man converted $30,000 dollars into Tether, which is the biggest stable-coin.

It occured amid reports the Taliban were taking belongings from people’s homes.

Cryptocurrencies are a popular alternative for civilians in war-torn nations. Ukraine has also received more than $100 million in donations since Russia’s invasion.

However, the nation’s central bank recently banned the purchase of crypto using the country’s local currency.

In Myanmar, the overthrown government has recognised Tether as an official currency. They are seeking to fund its operations to overthrow the military, which took over last year.