CBE warns against dealing in Bitcoin

(menafn- daily news egypt) the central bank
of egypt (cbe) has warned against dealing in CryptoCurrencies
, including bitcoin.

in a statement issued on tuesday night, cbe said that it reiterates its warnings against dealing in all CryptoCurrencies
, in particular the bitcoin.

cbe explained that the warning is based on the high risks associated with these currencies, where they are highly unstable due to uncontrolled speculation, which makes investment
in them risky, and implying high potential losses.

the statement stressed that CryptoCurrencies
are not issued by any central bank
or any official body that

Daily News Egypt

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