Taliban Declare Online Forex Trading Illegal in Afghanistan

Afghanistan’s central bank has banned online foreign exchange trading, declaring it “illegal” in Islam and warned that anyone engaging in it would face prosecution, a spokesman of the bank said.

“Da Afghanistan Bank considers online forex trading illegal and fraudulent, and there is no instruction in Islamic law to approve it,” Saber Mohmand said over the phone. “As a result, we have banned it.”

Since the Taliban returned to power last year, the economic collapse of the already-fragile nation had pushed many Afghans to turn to online forex or cryptocurrency trading, partly to preserve their money and keep it out ...