Egypt: Central Bank of Egypt released warning statement regarding dealing with all types of encrypted virtual currencies
Description
Central Bank of Egypt released warning statement regarding dealing with all types of encrypted virtual currencies
On 13 September 2022, the Central Bank of Egypt (CBE) renewed its warning against dealing with all types of encrypted virtual currencies, citing significant risks such as high fluctuations, price volatility, and their potential use in financial crim…
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