Cardano founder: Crypto and privacy is crucial for digital age

September 2, 2021

Charles Hoskinson, the founder of Cardano, believes that cryptocurrencies will be imperative for the Afghani fight against the Taliban.

In an interview with CNBC, Hoskinson, both founder of Cardano and part of the founding team behind Ethereum, stated his beliefs on how cryptocurrencies can and likely will be integrated into the resistance against the Taliban. He noted that the digital age we’re in now has ramifications on the privacy and security of individuals in the country and how digital assets might be able to offer an important part in offering financial privacy following troops from the United States withdrawing from Afghanistan. He offered:

“Their digital life, with social media, is now under scrutiny, the last two decades are being reviewed by a regime that if you said anything about them or expressed your opinion in ways that don’t fit their regressive viewpoints you are now under threat of harassment, imprisonment or even death.”

Crypto – can be used both for and against the Taliban

However, according to Hoskinson’s beliefs, the use of cryptocurrency and digital assets is set to play a role on both sides. He continued to say that the digital resources are available, unlike the previous time the Taliban occupied and were in control of Afghanistan, and that both sides will be able to make use of them:

“They’re going to need resources, so unlike last time, now cryptocurrencies are there. So it is my belief that cryptocurrencies are going to play a larger role in Afghanistan this time around, both for and against the Taliban forces.” 

Hoskinson did not predict how or where cryptocurrencies might be used to benefit the Afghan citizens, he pointed out how important privacy is with matters related to digital identities, particularly pertinent to social media. The use of blockchain-based assets offers a protected private means of financial use, which would allow Afghan individuals to mitigate how their personal spending is tracked. Hoskinson noted that hopefully, this sparks a global conversation on how important privacy is and how to encourage and educate those who can benefit most from it, regarding finances like with cryptocurrencies or social as a protective means.