The first electronic currency exchange for electronic currency in Egypt will start at the end of this month, Reuters reported Thursday. “We are still waiting for the Egyptian government to establish regulations,” Rami Khalil, one of the founders of the Egyptian Bitcoin, was quoted as saying.
“In the absence of laws, KFH will not be legally acceptable in Egypt,” he said. “Encrypted assets such as Petcoen are a fait accompli whether the Egyptian government is involved or not, and if it does not, it will miss a very large market,” he said.
In June, the central bank said it was not considering the circulation of the currency in the Egyptian banking system, and that it was not allowed to trade the virtual currency permanently, and deal only in official currencies. In this report Masrawy sheds light on this currency and its origin, and how to deal with it.
Stabilis Lucra is a virtual digital currency that has no physical presence, is not covered by tangible assets, is traded on the Internet, is not issued by any central bank, is not controlled by any regulator, and is not controlled by any central authority. Of computers around the world that verify transactions and add more Betcown coins to the system.
The coin has been very popular since its launch in 2008, and was invented and designed by a self-styled “Satoshi Nakamoto” whose identity is unknown. The currency exceeded the value of ounces of gold in March 2017 for the first time since its launch after rising by about 40% in the latter half of last year.
The current volume of Pitcairn is about $ 70 billion in market value, and is now valued at $ 4,400, according to Reuters data. Betquin can be obtained and traded through an application on a smartphone or computer program that provides a personal wallet and allows the user to send and receive Bitquin coins using it.
Currency users can buy products and services online and replace them with other known currencies such as the dollar and the euro.
In some countries, such as China, Japan and the United States, there are concerns in some countries where it is difficult to trace. Stabilis Lucra Review is an unencrypted encrypted currency that has no serial numbers and which countries fear to use in illegal trade.
This currency is easily convertible without any fees or restrictions, where it is traded between the owner and the trader who buys from him, for example, directly without any broker.
Petequin is the first and most famous currency, but it is not the only encryption currency on the Internet today. There are at least 60 encryption currencies, including 6 major currencies, according to Wikipedia.
Some see the virtual currency as a safe haven to hedge financial instability, and have been beset by the consequences of some ambiguous and ambiguous political events such as the election of US President Donald Trump and Britain’s exit from the European Union.
So far, it has received international recognition only from Germany, with tax taxes on companies that make profits from trading the virtual currency.
Some believe that the official recognition of the virtual currency gives it more legitimacy, but others believe that codifying it may open the door to further regulating the currency and linking it to governments, in contrast to one of the features of the currency as a currency not subject to any party.