The Central Bank of Egypt (CBE) has warned about all cryptocurrencies. Violators could be imprisoned or fined. cryptocurrency crypto bitcoin
The Central Bank of Egypt has issued a fresh warning about cryptocurrency, noting that violators could face imprisonment. The Egyptian central bank’s law “prohibits issuing, trading, or promoting cryptocurrencies, creating or operating platforms for trading it, or carrying out related activities.
Whoever violates this shall be imprisoned, and fined no less than one million pounds and no more than LE10 million [$516,340], or one of these two penalties. It is worthy to note that cryptocurrencies are not issued by any central bank, or any official central issuing authority that can be held accountable.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Head Trader of $100M Global Crypto Ponzi Scheme Pleads Guilty in US – Regulation Bitcoin NewsThe head trader of a $100 million global cryptocurrency Ponzi scheme has pleaded guilty and is facing up to 5 years in prison. crypto empiresx
Read more »
Indian Authorities Unfreeze Wazirx's Bank Accounts, the Crypto Exchange Says – Exchanges Bitcoin NewsIndia's Enforcement Directorate (ED) has unfrozen the bank accounts of cryptocurrency exchange Wazirx, the company said. crypto bitcoin
Read more »
Report: South Korean Prosecutors Issue Arrest Warrant for Terraform Labs CEO Do Kwon – Regulation Bitcoin NewsThe former head of research at Terraform Labs, Nicholas Platias, and the CEO of Chai Corporation — simply known as 'Han' — were identified as the other wanted individuals. luna terraform ust
Read more »
Abu Dhabi Global Market Financial Regulator Unveils Virtual Asset Regulation 'Guiding Principles' – Regulation Bitcoin NewsAccording to the regulator, the six guiding principles are intended 'to support engagement with other like-minded regulatory agencies in and outside the UAE.' virtualassets regulation adgm
Read more »
Norway Releases Source Code for Digital Krone Sandbox, Utilizes Ethereum Technology – Finance Bitcoin NewsA crypto company working with the central bank of Norway has published the source code for the sandbox created to trial the digital krone.
Read more »
Linux Launches Foundation to Bolster Open-Source, Multi-Purpose Crypto Wallets – News Bitcoin NewsOn Tuesday, the LinuxFoundation launched the OpenWalletFoundation to support the development of open-source crypto wallets.
Read more »