Afghanistan is also experiencing a boom in cryptocurrency adoption as the trend spreads around the globe. According to Chainalysis’ August report, the war-torn nation ranked 20th out of 154 nations using digital coins. Additionally, Afghanistan is also ranked eighth globally for the core peer-to-peer trading volume. In the wake of recurrent bullish and bearish trends, cryptocurrency usage is on the rise globally.
Chainalysis did not mention Afghanistan in its research last year. These findings indicate that the country is still a relatively new adopter of crypto. According to Chainalysis, cryptocurrencies are becoming more and more popular in Afghanistan each day.