They send money — mainly U.S. dollars — to contacts in countries such as Iran, Turkey and the U.S.
Of course, stablecoins aren’t necessarily free of risks. Tether, which has a market cap of about $83 billion, has long beenMaihan charges a commission of as much as 1.5% on each crypto transaction, several times larger than the percentage usually levied by exchanges such as Binance. It takes in from $16,000 to $20,000 in revenue a month, according to Timori.
He was studying urban planning in Herat University at the time. After finishing his degree, he decided to open the crypto brokerage. Timori said he feels safer since the Taliban returned. Last year, when the kidnappings and robberies in Herat surged, he kept pistols in his office for protection. But economists and religious scholars must study whether digital tokens can be allowed under Islamic financial practices, Suhail Shaheen, the head of the Taliban’s political office in Doha, Qatar, said in anThe Taliban’s hardliners will ultimately win out, according to Ehsan Sadiq, a former economics lecturer at Jawzjan University in northern Afghanistan.