Kabul, Afghanistan–The first time Sulaiman Bin Shah used crypto was as a Fulbright scholar in California. He had been hearing about the decentralised coins for some time and wanted to try them out.
As a student of international trade and economic diplomacy he was fascinated by the idea of blockchain and decentralised banking, so in 2017 he bought some Ethereum and Litecoin. By the time he returned to Afghanistan the following year, he tried to explain cryptocurrency to his friends, but found them looking at him in wonderment.
“They all thought I was crazy, buying invisible coins.”
Bin Shah, who would go on to be a deputy at Afghanistan’s Ministry of Commerce and Industry in late 2021, said he had to start at the beginning, explaining what a ledger was and how it could be handled without a brick-and-mortar bank.
“I had to explain what it meant for everyone on the system to have access to these currencies without needing a centralised bank or financial institutions. They all just...
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