Afghanistan vs Zambia
Crypto regulation comparison
Afghanistan
Zambia
Banned
No Regulation
Afghanistan effectively banned cryptocurrency in August 2022 under Taliban rule, declaring crypto 'haram' (forbidden). Authorities shut down 16 crypto exchanges in Herat and arrested traders. In 2024, enforcement intensified with provincial bans and public denouncements. Underground P2P trading persists despite the crackdown.
Zambia has no comprehensive cryptocurrency legislation. The SEC warns the public about unregulated crypto schemes and evaluates whether specific products qualify as securities. The Bank of Zambia's 2024-2027 Strategic Plan includes developing a crypto and stablecoin regulatory framework. Blockchain-based regulatory testing is underway with the SEC and BoZ.
Tax Type
None
Tax Type
None
Tax Rate
N/A
Tax Rate
N/A
Exchanges
No
Exchanges
Yes
Mining
No
Mining
Yes
Regulator
Da Afghanistan Bank (Taliban administration)
Regulator
Bank of Zambia, Securities and Exchange Commission
Stablecoin Rules
Not applicable — crypto banned
Stablecoin Rules
No stablecoin regulation
Key Points
- Taliban banned crypto in August 2022, declaring it haram (forbidden)
- 16 crypto exchanges shut down in Herat; traders arrested
- 2024 provincial bans with public loudspeaker campaigns against crypto
- Crypto was used during the 2021 transition period for fund transfers
- Underground P2P trading persists for remittances despite ban
Key Points
- SEC warns public against unregulated cryptocurrency schemes
- Crypto products regulated only if they meet the definition of a security
- BoZ 2024-2027 Strategic Plan includes crypto and stablecoin regulatory framework
- Blockchain-based regulatory testing underway with SEC and BoZ
- Kwacha is sole legal tender for domestic transactions per 2025 Currency Directives