INSUBCONTINENT EXCLUSIVE:
Afghanistan&& 's reserve bank, Da Afghanistan Bank, has authorized a brand-new law on exchange and financial services, which might affect
lots of little money-changing companies throughout the country.The brand-new Exchange and Money Services Law specifies that no one can offer
cash services, which include Hawala &-- an informal cash transfer system, without a license.According to a statement issued by the central
bank, services that are licensed will benefit from more centers and action will be taken against prohibited businesses.This is the most
recent action by the Islamic Emirate to bring banking and money-related laws in line with Sharia in the country.Two years ago, the central
bank prohibited online foreign exchange trading, stating it && unlawful & in Islam and cautioned that anyone taking part in it would deal
with prosecution.Also in 2022, the reserve bank banned cryptocurrency trading &-- likewise on the premises of it being sinful
The post Afghanistan&& 's reserve bank approves new money-changers& & law initially appeared on Ariana News.
