Egypt

Cairo, Egypt (shady shaker/Pixabay)

Policy

Crypto Scam in Egypt Defrauds Thousands of Investors of $620K: Report

Authorities have arrested 29 people, including 13 foreign citizens, in connection with the fraudulent network known as "HoggPool."

Cairo, Egypt (shady shaker/Pixabay)

By Jamie Crawley

Mar 6, 2023 at 4:07 p.m. UTC

Mar 6, 2023

EgyptFraudCrime

Cairo, Egypt

Finance

Egypt's Largest Bank Joins Ripple Network for Cross-Border Payments

Egypt is in the top five nations globally in terms of remittance flows from ex-pat communities.

Cairo, Egypt

By Daniel Palmer

May 19, 2021 at 9:58 a.m. UTC

May 19, 2021

RipplebanksRemittancesUAEEgypt

Peer-to-Peer Crypto Trading Is Expanding Across the Developing World

Video

Peer-to-Peer Crypto Trading Is Expanding Across the Developing World

Bitcoin might be seen as more of an asset class in the Western world, but in countries like Nigeria it is becoming the currency of choice for day-to-day commerce.

Peer-to-Peer Crypto Trading Is Expanding Across the Developing World

By CoinDesk Staff

Mar 11, 2021 at 10:35 p.m. UTC

Mar 11, 2021

BitcoinPaxfulcdtvNigeriaaab clipEgyptArtur Schaback

Bitcoin Is Booming in Egypt Despite Prohibitive New Banking Laws

Video

Bitcoin Is Booming in Egypt Despite Prohibitive New Banking Laws

Data from U.K.-based exchanges show rising interest in bitcoin in Egypt, with new users rising 400% from December 2020 to January 2021. “The Hash” panel weighs in on why the c...

Bitcoin Is Booming in Egypt Despite Prohibitive New Banking Laws

By CoinDesk Staff

Mar 5, 2021 at 7:19 p.m. UTC

Mar 5, 2021

BitcoincdtvbtcHash clipEgypt

Panorama of Cairo cityscape taken during the sunset from the famous Cairo tower, Cairo, Egypt

Finance

Localbitcoins.com

Egyptians Are Buying Bitcoin Despite Prohibitive New Banking Laws

Egyptian crypto trading volume and exchange sign-ups increased dramatically this past January, capping off an already high-volume 2020.

Panorama of Cairo cityscape taken during the sunset from the famous Cairo tower, Cairo, Egypt

By Sandali Handagama

Mar 5, 2021 at 1:00 p.m. UTC

Mar 5, 2021

LocalBitcoins.comCEX.ioRegulationEgyptAdoptionPaxfulGlobal Macro

Egyptian pounds, EGP, money of Egypt, with inset photo of Hany Rashwan, CEO of Amun/21Shares.

Markets

How a Massive Devaluation of the Egyptian Pound Inspired a $100M Bitcoin ETP

Hany Rashwan, CEO of Amun/21Shares, explains how the proverbial bitcoin lightbulb went off when his native Egypt’s currency devalued in 2016.

Egyptian pounds, EGP, money of Egypt, with inset photo of Hany Rashwan, CEO of Amun/21Shares.

By Nathaniel Whittemore

Nov 7, 2020 at 2:00 p.m. UTC

Nov 7, 2020

EgyptPodcastsThe BreakdownGlobal

Mohamed Abdou image via Intelli Coders

Tech

Encrypted Email Service Launches on Blockstack With Bitcoin Features

An Egyptian web firm is building Dmail on Blockstack to bring bitcoin-friendly privacy tech to the Middle East.

Mohamed Abdou image via Intelli Coders

Jun 3, 2019 at 2:00 p.m. UTC

Jun 3, 2019

SecurityIdentitypaymentsstartupsBitcoinBlockstackDigital IdentityEgyptuse-cases-verticals

Pyramids

Markets

Egypt Lifts Ban, Will Allow Licensed Cryptocurrency Companies

Egypt is considering legislation that would let the central bank issue licenses for cryptocurrency-related activities.

Pyramids

May 29, 2019 at 9:30 p.m. UTC

May 29, 2019

Middle EastCryptocurrencyNewsEgyptbusiness news

Egypt

Markets

Monero Mining Malware Attack Linked to Egyptian Telecom Giant

Thousands of devices allegedly affected by malware across Egypt, Turkey and Syria.

Egypt

Mar 12, 2018 at 6:00 a.m. UTC

Mar 12, 2018

CrimeSecurityMalwareTurkeyNewsMoneroLegalSyriaEgyptCryptocurrency Miningbusiness news

Egypt

Markets

Egypt's Religious Leader: Crypto Trading Forbidden Under Islamic Law

Egypt's Islamic religious leader says the cryptocurrency trading is not legal based on the Islamic religious law.

Egypt

Jan 2, 2018 at 5:00 p.m. UTC

Jan 2, 2018

LawRegulationNewsLegalEgypt