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.
France Dernières Nouvelles, France Actualités
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