{"id":642446,"date":"2017-08-14T04:09:33","date_gmt":"2017-08-14T04:09:33","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/egyptian-startup-wants-to-be-the-countrys-first-bitcoin-exchange\/"},"modified":"2017-08-14T04:09:33","modified_gmt":"2017-08-14T04:09:33","slug":"egyptian-startup-wants-to-be-the-countrys-first-bitcoin-exchange","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/egyptian-startup-wants-to-be-the-countrys-first-bitcoin-exchange\/","title":{"rendered":"Egyptian startup wants to be the country\u2019s first bitcoin exchange"},"content":{"rendered":"<p>BitCoin Egypt is planning to launch Egypt\u2019s first registered bitcoin exchange by the end of August, according to <a href=\"https:\/\/www.startupmgzn.com\/english\/news\/first-bitcoin-exchange-goes-viral-in-egypt\/\">Startup MGZN<\/a>. The exchange will reportedly start trading between local currency and bitcoin. One of the founders says he believes bitcoin \u201cwas still a commodity in the country and technically it was not a subject of any formal regulations.\u201d The central bank had denied allowing bitcoin to be traded through the formal banking system <a href=\"https:\/\/enterprise.press\/stories\/2017\/06\/19\/no-bitcoin-in-egyptian-banking-system-cbe\/\">in June<\/a>, with deputy governor Lobna Helal saying the banking system handles official currencies only.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BitCoin Egypt is planning to launch Egypt\u2019s first registered bitcoin exchange by the end of August, according to Startup MGZN. The exchange will reportedly start trading between local currency and bitcoin. One of the founders says he believes bitcoin \u201cwas still a commodity in the country and technically it was not a subject of any [&hellip;]<\/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":[9298],"tags":[2372,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-642446","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"351131ac-d91e-4343-b71f-ceda3259f67f","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[642407],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egyptian startup wants to be the country\u2019s first bitcoin exchange - 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\/08\/14\/egyptian-startup-wants-to-be-the-countrys-first-bitcoin-exchange\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egyptian startup wants to be the country\u2019s first bitcoin exchange\" \/>\n<meta property=\"og:description\" content=\"BitCoin Egypt is planning to launch Egypt\u2019s first registered bitcoin exchange by the end of August, according to Startup MGZN. 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One of the founders says he believes bitcoin \u201cwas still a commodity in the country and technically it was not a subject of any [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/egyptian-startup-wants-to-be-the-countrys-first-bitcoin-exchange\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-08-14T04:09:33+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/egyptian-startup-wants-to-be-the-countrys-first-bitcoin-exchange\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/egyptian-startup-wants-to-be-the-countrys-first-bitcoin-exchange\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egyptian startup wants to be the country\u2019s first bitcoin exchange\",\"datePublished\":\"2017-08-14T04:09:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/egyptian-startup-wants-to-be-the-countrys-first-bitcoin-exchange\/\"},\"wordCount\":99,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"EnterpriseAM\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/egyptian-startup-wants-to-be-the-countrys-first-bitcoin-exchange\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/egyptian-startup-wants-to-be-the-countrys-first-bitcoin-exchange\/\",\"name\":\"Egyptian startup wants to be the country\u2019s first bitcoin exchange - 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Helal says the Egyptian banking system handles official currencies only.","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":564845,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/02\/big-banks-flock-to-crypto-despite-warnings\/","url_meta":{"origin":642446,"position":2},"title":"Big banks flock to crypto despite warnings","author":"enterpriseam admin","date":"2 March 2021","format":false,"excerpt":"Major banks and firms are raising their holdings in cryptocurrencies despite market volatility, leaving US authorities concerned about the creation of a crypto bubble, Bloombergreports. With Bitcoin and other cryptos having currently achieved a USD 1.47 tn market cap, prominent financial institutions are looking to both invest in, and enable\u2026","rel":"","context":"In &quot;CRYPTO&quot;","block_context":{"text":"CRYPTO","link":"https:\/\/enterpriseam.com\/egypt\/category\/crypto\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/401.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":645711,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/27\/and-out-of-the-ether\/","url_meta":{"origin":642446,"position":3},"title":"And out of the Ether\u2026..","author":"enterpriseam admin","date":"27 July 2017","format":false,"excerpt":"We\u2019ve all heard of Bitcoin, but what\u2019s this Ether that\u2019s giving it a run for its money? Ether is a relatively new cryptocurrency that emerged three years ago and appears to be hot right now, growing in value 4,000% year-to-date. The jump goes beyond just speculators looking to cash in\u2026","rel":"","context":"In &quot;Worth watching&quot;","block_context":{"text":"Worth watching","link":"https:\/\/enterpriseam.com\/egypt\/category\/lifestyle\/worth-watching\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2017\/7\/423.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":637627,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/21\/cib-to-implement-blockchain-technology-in-three-years\/","url_meta":{"origin":642446,"position":4},"title":"CIB to implement blockchain technology in three years","author":"enterpriseam admin","date":"21 November 2017","format":false,"excerpt":"CIB plans to implement blockchain technology within the bank over the coming three years, said CEO of Retail Banking Ahmed Issa on Monday, according to Al Mal. 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