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在线翻译:
szdaily -> World Economy
Egypt’s first bitcoin exchange to begin trading this month
    2017-August-21  08:53    Shenzhen Daily

EGYPT’S first bitcoin exchange will go live later this month, the founders of Bitcoin Egypt said, linking the Middle East’s most populous country with a cryptocurrency that has surged in value in recent months.

Many governments around the world are still considering how to regulate and classify bitcoin, a volatile digital currency that has captured the interest of speculative investors worldwide as its value has soared, roughly quadrupling since the start of 2017.

Egypt, most of whose 93 million people have no bank accounts but where electronic payments have grown in recent years, lacks regulations for digital currency. This means local retailers cannot accept it as payment but users on an exchange may be left to trade freely, potentially cashing in on its ascent.

“We’re still waiting on the Egyptian Government to set some kind of regulations. Without any laws, bitcoin is not legal money in Egypt,” said Bitcoin Egypt founder Rami Khalil.

He said the exchange has picked up about 300 pre-registrations from users ahead of its launch.

Egypt’s central bank said in a statement it had not provided any instructions to the banking sector to start trading in bitcoin and that a “virtual currency (is) not guaranteed by the banking sector or the central bank.”

The Egyptian Financial Supervisory Authority, the country’s financial markets regulator, did not respond to requests for comment.

Khalil and co-founder Omar Abdelrasoul see their platform connecting a community of several thousand bitcoin enthusiasts who will for the first time be able to trade in Egyptian pounds, which have roughly halved in value since November after flotation under an International Monetary Fund loan program.(SD-Agencies)

 

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