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Egyptian fatwa house warns against Bitcoin and cryptocurrencies

The Fatwa Secretary at the Egyptian Fatwa House, Sheikh Muhammad Abdel Samie, said that “Bitcoin is a laundering of forbidden money”, and warned that it comes with a loss of rights and legal violations. Samie answered a question regarding the ruling on investing in Bitcoin digital currencies such as gold, saying: “Gold has its value. …

The post Egyptian fatwa house warns against Bitcoin and cryptocurrencies appeared first on Egypt Independent.

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Iranian hackers compromise US government network in cryptocurrency generating scheme, officials say

CNN —  Iranian government-sponsored hackers compromised the network of an unnamed US federal government agency starting in February, stealing passwords on the network and installing software to generate cryptocurrency, US officials said Wednesday. Though the hack likely began in February, officials at the Department of Homeland Security responded to the breach in June to clean up the …

The post Iranian hackers compromise US government network in cryptocurrency generating scheme, officials say appeared first on Egypt Independent.

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Lack of Regulation of Cryptocurrency in Iraq

By Adam Lucente for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Kurdcoin founder says lack of regulation crypto’s big challenge in Iraq Al-Monitor interviewed Abdurrahman Bapir, who heads Iraq’s first cryptocurrency exchange, on the appeal of cryptocurrency in Iraq and […]

The post Lack of Regulation of Cryptocurrency in Iraq first appeared on Iraq Business News.

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