central bank of egypt – DIGIT INFO

Nearly $1 Billion Poured Into Egypt’s Forex Market — Local Currency Now World’s Worst Performing Currency in 2023

DIGIT — Wed, 18 Jan 2023 22:30:53 +0000

The Egyptian central bank recently claimed that its decision to devalue the local currency has been vindicated by foreign investors’ return to the country’s foreign market where they reportedly poured in $925 million in just three days. The surge in the sales of Egyptian treasury bills that mature in a year or less similarly is […]

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Egypt’s Central Bank Issues Crypto Warning — Violators Risk Imprisonment

DIGIT — Thu, 15 Sep 2022 01:30:23 +0000

The Central Bank of Egypt (CBE) has issued a fresh warning about cryptocurrency, noting that violators could face imprisonment. The Egyptian central bank’s law “prohibits issuing, trading, or promoting cryptocurrencies, creating or operating platforms for trading it, or carrying out related activities.” Crypto Warning Issued by Egypt’s Central Bank The Central Bank of Egypt (CBE) […]

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Egypt’s Growing P2P Volumes Being Driven by Crypto Traders Under the Age of 34

DIGIT — Fri, 23 Apr 2021 12:30:28 +0000

A recent market report by Localbitcoins suggests that traders or holders under the age of 34 are driving crypto volumes in Egypt. This rise in Egyptian crypto transactions is evidenced by P2P data which shows the crypto asset’s weekly traded volumes averaging $205,000 in much of Q1 of 2021. The Premium on BTC In addition […]

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Africa and its Antiquated Banking: Cryptocurrencies The Solution?

DIGIT — Wed, 05 Sep 2018 02:55:03 +0000

Africa has steadily accelerated the switch to modern technologies. But can a continent facing a crisis with antiquated banking technologies, low rate of financial inclusion, poor confidence in the banking system, and high remittance costs become the new battleground for blockchain or cryptocurrency-centred settlements? Also read: Square’s Big Week: Crypto Patent, Shares Leap, and Lightning […]

The post Africa and its Antiquated Banking: Cryptocurrencies The Solution? appeared first on Bitcoin News.

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