Egypt: Central Bank of Egypt (4th) warning statement on cryptocurrencies
Progress
Current status
adopted
08 Mar 2023 adopted
Scope
Implementers
Egypt
Policy Area
Authorisation, registration and licensing
Policy Instrument
Prohibition of goods and services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central bank
Implementation Level
national
Timeline of events
Central Bank of Egypt released (4th) warning statement on cryptocurrencies
On 8 March 2023, the Central Bank of Egypt (CBE) released its fourth warning statement on cryptocurrencies, referencing recent reports of a digital platform illegally seizing significant funds from Egyptian citizens under the guise of cryptocurrency…
Event type
outline
Action type
adoption
Government branch
executive
Government body
central bank