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The Grand Mufti of Egypt Debates Bitcoin's Legitimacy

Retrieved on: 2018-01-03 01:37:30

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<div>In a recent announcement the Grand Mufti of Egypt, Sheikh Shawki Allam, suggested he would be in favor of a ban on cryptocurrency trading. In referring to Sharia law, the moderate Sunni leader cited its capacity to fund terrorist activity and lack of formal backing as reasons for his endorsement.</div>

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