ICO & Crypto News #8 - 06 January 2018 [Egypt Cryptocurrency Ban]
Supreme Mufti of Egypt called for a ban on cryptocurrencies
The Supreme Mufti of Egypt Shavki Allam stated that cryptocurrencies "contradict Islam", comparing them with gambling. In his opinion, the anonymity of transactions also contributes to the use of cryptocurrencies for criminal purposes, including smuggling and money laundering, as well as terrorist financing.
The first Bitcoin exchanger was opened in Egypt in August 2017. In December 2017, Egypt's financial regulator also criticized cryptocurrencies, noting that attracting investors to invest in cryptocurrencies is a form of fraud falling under legal responsibility.
ignorance will bring nothing fruitful, only acceptance can, religions are outdated.
You got a 2.24% upvote from @postpromoter courtesy of @cryptogecko! Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!
0.09% @pushup from @cryptogecko