0 Nick Robinson Posted May 29, 2019 Author Share Posted May 29, 2019 Quote Link to comment Share on other sites More sharing options...
0 Ilija Rankovic Posted May 29, 2019 Share Posted May 29, 2019 Egypt has become a less crypto-friendly country than a few days ago. A new law drafted for the Central Bank of Egypt will require all cryptocurrency-related platforms and companies to obtain two licenses at the Egyptian government prior to operating. The news was reported by The Egypt Independent on May 28th. Citing the official source of The Egypt Independent, if the bill is passed, it will empower the CBE’s Board of Directors and put additional power in their hands. They will be able to single-handedly determine and issue rules for the trading and handling of cryptocurrencies in the country. This bill will indirectly affect the decentralization aspect of the cryptocurrencies. Even though the decentralization of cryptocurrencies such as Bitcoin cannot be taken away by regulation, regulating the platforms that operate with Bitcoin can hinder its use. Quote Link to comment Share on other sites More sharing options...
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