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Bitcoin controversy continues as Grand Mufti bans the cryptocurrency

Bitcoin, the world’s largest cryptocurrency, was valued at around $13,833 on Tuesday, after losing about 28% of its value. The world’s most active cryptocurrency spiked above $19,000 in December for the first time ever. The market capitalisation of Bitcoin alone is currently more than $232bn. On Monday, Egypt’s Grand Mufti Shawki Allam issued a statement …

Mohamed Samir

Dr. H.A. Hellyer

Nationally, regionally and internationally, government’s time is running out

The Egyptian government recently assembled a new cabinet in order to deliver on the promises of the “Renaissance Project” (mashru’ al-nahda). It comes not a moment too soon, as the national, regional and international scenes are growing increasingly impatient with the government’s inability to deliver. Yet, it does not seem particularly likely this new cabinet …

Dr H.A. Hellyer