Egypt

bitcoin

The Use of Bitcoin Increased During the Economic Recession in Egypt

As the COVID-19 pandemic pushed the Egyptian economy into recession. And unemployment deepened, the benefits of trading. And mining Bitcoin are seen by more and more Egyptians as an alternative source of income. Many Egyptians, particularly young people, are interested in crypto-currencies, according to Al-Monitor. The economist and financial advisor to several investment institutions in […]

Egypt lifts ban

Egypt Lifts Ban On Licensed Crypto Companies

Finally, Egypt lifts the ban on the country’s crypto-based companies. This was revealed by a popular news agency. As per the news, Central Bank of Egypt (CBE) has decided to tighten its grip around decentralized cryptocurrencies. In retrospection, Egypt banned the cryptocurrency operation under religious pretext. CBE has banned creating, promoting or operating platforms for […]