Egyptian regulator refuted rumors about the integration of the crypto currency into the banking sector
The central bank of Egypt has denied rumors about possible interaction of national banks with crypto-currencies, such as Bitcoin, CoinDesk writes.
For the first time such information appeared in social networks, which prompted Deputy Governor of the Central Bank of Egypt Gamal Negma to come up with explanations and deny unreliable information.
"In order to preserve the stability of the Egyptian banking system, the banks of Egypt work only with official currencies and do not interact with virtual ones," Negm said.
It is noteworthy that the response of the representative of the Egyptian regulator was heard when more and more countries are considering the creation of legal norms for the legal circulation of digital currencies in accordance with domestic legislation.
To date, the most advanced in this regard has been Japan. It became one of the first countries where Bitcoin was recognized as a legitimate means of payment.
According to LocalBitcoins, Egypt has a developing crypto-currency market serviced by start-ups, such as BitOasis, as well as by local exchanges.
Source:
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