Egypt: Central Bank of Egypt released (4th) warning statement on cryptocurrencies
Description
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…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Prohibition of goods and services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central bank