A supply talking to the center East information employer defined a proposed invoice to ban the introduction, buying and selling, or promoting of cryptocurrencies without a license. previously Egypt banned all cryptocurrency beneath Islamic law. Shawki Allam, the cutting-edge Grand Mufti of Egypt, issued that ban in early 2018, pointing out the technology may want to undermine the prison machine via tax evasion, money laundering, and different fraudulent activities. The Grand Mufti was additionally worried with crypto’s volatility and scams.
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