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Egypt’s Custom Launches Blockchain Based “NAFEZA”.

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To Ease Clearance of Consignment Egypt launches fast import clearing system called the National Single Window for Foreign Trade Facilitation, NAFEZA. The action is implemented by Egyptian Customs Authority ( ECA), the country’s body responsible for implementation of import and…

Egypt Encourages E-Payment Systems Following New Cases of Coronavirus in the Country.

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Following the new cases of coronavirus recorded in Egypt, the Central Bank of Egypt has urged egyptians to limit their use of banknotes and to always use mobile phone wallets and other e-payments systems. Egyptian banks were also instructed to…

Diutocoinnews Weekly News Update: National Bank of Egypt Joins RippleNet Network Utilizing Blockchain Technology.

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This week on Diutocoinnews weekly news update, the National Bank of Egypt joined RippleNet Network making it the first bank in the country to use blockchain.  National Bank of Egypt Joins RippleNet Network Utilizing Blockchain Service in Remittance Service: The…

Central Bank Of Egypt Set To Ban Cryptocurrency And Encrypted Currency Trading Without Legal License

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Central Bank of Egypt (CBE) creates a new law banning the promotion or operation of platforms for issuing or trading encrypted currency or cryptocurrency without obtaining the needed legal licenses from authorities, reported Egypt Independent. The draft bills grants the…