Egypt News

Egypt, officially the Arab Republic of Egypt, is a country located in the northeast corner of Africa and the southwest corner of Asia. Egypt has an area of one million square kilometers and a population of over 97 million people. Egypt has a stable mixed economy that suffered greatly from the revolution of 2011. Egypt’s main export goods are petroleum products, textiles, chemicals and agricultural goods. The most important trading partners of Egypt are the United Arab Emirates, Saudi Arabia, Italy, Turkey, the United States and the United Kingdom. There are no specific laws covering Bitcoin in Egypt. However, it is illegal to trade Bitcoin in Egypt and further cryptocurrency regulations may appear soon. Egyptian authorities have banned Bitcoin, as it is not covered by financial control laws. The technology of blockchain in Egypt is developing, with several startups, and is covered in IT media. Business incubators are working on blockchain products and aim to get them on the international level.
Expert Take
The COVID-19 pandemic has highlighted the necessity for the digitalization and sustainable development of African economies.
Africa’s solarized digitalization agenda in the time of coronavirus
Selva Ozelli
2021-03-20T13:07:00+00:00
7032
News
People continue to turn to Bitcoin and other cryptocurrencies to boost their profits even amid a pandemic.
Bitcoin use rise in Egypt amid economic recession
Husayn Hashim
2020-10-04T18:51:00+01:00
11407
News
Numerous emerging crypto markets are showing dramatic growth in P2P trade, with India and Ghana producing enormous growth during 2020.
India Leads P2P Volume Records Among Emerging Markets
Samuel Haig
2020-07-22T11:55:00+01:00
3469
News
Crypto adoption appears to be growing across the continent of Africa.
Africa Is Experiencing a Crypto Renaissance
Samuel Haig
2020-05-24T22:30:00+01:00
16176
News
The National Bank of Egypt has signed a cooperation agreement with Ripple to establish new channels for inward remittances.
Egyptian National Bank Turns to Blockchain to Boost Remittance Business
Marie Huillet
2020-02-12T10:43:00+00:00
6511
News
Skepticism to crypto in Islamic countries is not a pure rejection, but a result of uncertainty, according to an Islamic finance expert.
Islamic Finance Expert: ‘Halal Coin’ a Matter of Time and Awareness
Helen Partz
2019-08-02T13:08:00+01:00
4826
Analysis
The Egyptian government is ready to overcome years of uncertainty on crypto, with new laws reportedly coming by the end of 2019.
Egypt Lays Out Path for a Crypto Future With Draft Law
Elena Perez
2019-06-06T18:10:00+01:00
6198
News
A new draft banking law will make it mandatory to obtain licenses in advance of operating platforms for issuing or trading crypto.
Egypt: Central Bank’s Draft Law Requires Licenses for Crypto-Related Activities
Marie Huillet
2019-05-28T14:04:00+01:00
3010

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