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Is Mining Bitcoin Illegal In Egypt

September 22, 2021

Countries Where Bitcoin Is Illegal Presently at least 15 countries have declared bitcoin illegal. Speaking to Cairo Scene under a pseudonym Hussein a bitcoin miner argues the law is rather ambiguous when it comes to bitcoin and thus most people are concerned about being discovered. Inside The Hidden World Of Egyptian Bitcoin Miners Bitcoinafrica Io CAIRO 17 December 2017. Is mining bitcoin illegal in egypt . While transacting in cryptocurrencies such as bitcoin is not illegal the authorities are seemingly willing to take action against any bitcoin-related activities within its jurisdictions. It recently lifted this ban for cryptocurrency companies in May 2019 however the industry still remains incredibly small in the country with virtually no exchanges. El Salvadors move could be a notable precedent in history if more and more countries begin to adopt Bitcoin in the future. In Egypt Dar al-Ifta the countrys main Islamic advisory body issued a religious decree in 2018 calli...