Egypt's Central Bank Issues Crypto Warning — Violators Risk ImprisonmentThe Central Bank of Egypt (CBE) has issued a fresh warning about cryptocurrency, noting that violators could face imprisonment. The ECB also stressed that crypto is not issued or backed by the central bank or any other official authority. “In the same context, the Law of the Central Bank of Egypt and the Banking System — promulgated by Law No. The Egyptian central bank issued a similar warning about cryptocurrencies in January 2018, specifically naming bitcoin, stating:It is worthy to note that cryptocurrencies are not issued by any central bank, or any official central issuing authority that can be held accountable. What do you think about the crypto warning by the Central Bank of Egypt?

Source: Ethiopian News September 15, 2022 18:07 UTC