{"id":636079,"date":"2017-12-20T04:06:21","date_gmt":"2017-12-20T04:06:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/20\/financial-regulatory-authority-warns-against-soliciting-bitcoin-investments\/"},"modified":"2017-12-20T04:06:21","modified_gmt":"2017-12-20T04:06:21","slug":"financial-regulatory-authority-warns-against-soliciting-bitcoin-investments","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/20\/financial-regulatory-authority-warns-against-soliciting-bitcoin-investments\/","title":{"rendered":"Financial Regulatory Authority warns against soliciting Bitcoin investments"},"content":{"rendered":"

<\/a> Financial Regulatory Authority (FRA) Chairman Mohamed Omran warned against <\/strong>calls to invest in cryptocurrencies<\/strong>, describing such a move as \u201cfraud\u201d and those who engage in it could be held liable under the law. In a statement on Tuesday<\/a> meant to warn investors against rushing into Bitcoin-mania (Bitcoin prices breached USD 17,000 mark yesterday<\/a>), Omran noted that mystery still surrounds these currencies, citing major warnings from numerous banking and supervisory authorities against them, including the International Organisation of Securities Commissions. Omran said that amendments to the Capital Markets Act had been made to allow for futures trading and other financial instruments. Any other instruments will require further legislative amendments, in a reminder that cryptocurrencies still remain outside the purview of the law in Egypt. Omran lends his voice to that of the central bank, which has issued repeated warnings on the legal status of cryptocurrencies (and lack thereof).<\/p>\n","protected":false},"excerpt":{"rendered":"

Financial Regulatory Authority (FRA) Chairman Mohamed Omran warned against calls to invest in cryptocurrencies, describing such a move as \u201cfraud\u201d and those who engage in it could be held liable under the law. In a statement on Tuesday meant to warn investors against rushing into Bitcoin-mania (Bitcoin prices breached USD 17,000 mark yesterday), Omran noted […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-636079","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"6f269323-20f8-4438-b900-861297a8c190","order":"0","is_powered_by":true,"section_story_id":"05c9ee85-8b4b-437f-b9d0-b40a1bbf4d72","story_type":"1","photo_url":"","photo_position":"above","related_issue":[636057],"teaser":"","voice_url":""},"yoast_head":"\nFinancial Regulatory Authority warns against soliciting Bitcoin investments - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/20\/financial-regulatory-authority-warns-against-soliciting-bitcoin-investments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial Regulatory Authority warns against soliciting Bitcoin investments\" \/>\n<meta property=\"og:description\" content=\"Financial Regulatory Authority (FRA) Chairman Mohamed Omran warned against calls to invest in cryptocurrencies, describing such a move as \u201cfraud\u201d and those who engage in it could be held liable under the law. In a statement on Tuesday meant to warn investors against rushing into Bitcoin-mania (Bitcoin prices breached USD 17,000 mark yesterday), Omran noted […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/20\/financial-regulatory-authority-warns-against-soliciting-bitcoin-investments\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-12-20T04:06:21+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/20\/financial-regulatory-authority-warns-against-soliciting-bitcoin-investments\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/20\/financial-regulatory-authority-warns-against-soliciting-bitcoin-investments\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Financial Regulatory Authority warns against soliciting Bitcoin investments\",\"datePublished\":\"2017-12-20T04:06:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/20\/financial-regulatory-authority-warns-against-soliciting-bitcoin-investments\/\"},\"wordCount\":154,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/20\/financial-regulatory-authority-warns-against-soliciting-bitcoin-investments\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/20\/financial-regulatory-authority-warns-against-soliciting-bitcoin-investments\/\",\"name\":\"Financial Regulatory Authority warns against soliciting Bitcoin investments - 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