- The Central Bank of Egypt (CBE) has issued a fresh warning about cryptocurrency, noting that violators could face imprisonment.
- The Egyptian central bank’s law “prohibits issuing, trading, or promoting cryptocurrencies, creating or operating platforms for trading it, or carrying out related activities”.
- The ECB also stressed that crypto is not issued or backed by the central bank or any other official authority.
Egypt’s Central Bank Issues Crypto Warning — Violators Risk Imprisonment
