Egypt


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)

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

Videos

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.

CoinDesk placeholder image

Videos

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 crypto industry is flourishing in economically unstable nations.

Recent Videos

Finance

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

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.

Breakdown 11.7.20 Hany Rashwan, Egypt

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

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

Markets

Monero Mining Malware Attack Linked to Egyptian Telecom Giant

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

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

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