AFGHANS EMBRACE CRYPTO AMID FINANCIAL CHAOS

The adoption of cryptocurrencies is growing quickly across the world. Even as large institutional investors have pushed Bitcoin to record highs this year, it is also increasingly embraced by those without access to the formal banking system, those in conflict zones or in nations with weak governance, tech and financial experts say. “In failed or challenged states it provides a way for people to support family members,” says Keith Carter, an associate professor at the National University of Singapore School of Computing. “Cryptocurrency, if anything, is going to where there is a lack of digital infrastructure, and encouraging development of infrastructure by increasing demand for digital services.”