The security forces in Egypt arrested a woman on charges of trafficking and trading in cryptocurrencies, including Bitcoin, through electronic platforms in violation of the law, in an illicit activity that poses a threat to the national economy.
Details of the incident
Information and investigations from the Anti-Money Laundering and Organized Crime Sector of the Ministry of Interior revealed that the accused – residing in Giza – engaged in criminal activity specializing in trading cryptocurrencies and converting them to achieve illegal gains outside the scope of financial supervision.
Seizing the evidence
Following the procedures, a security operation successfully apprehended the accused, and a mobile phone, laptop, and tablet were found in her possession. Upon examining the devices, it was found that they contained digital evidence confirming her involvement in the criminal activity.
In confronting her, the accused admitted to the details of using those platforms for buying and selling cryptocurrencies and making financial profits away from the eyes of regulatory authorities.
Interior Warning
The Ministry of Interior also confirmed that this seizure comes as part of its ongoing campaigns to combat crimes related to the illicit trade in cryptocurrencies, due to their severely harmful impact on the national economy.
Legal procedures were also taken, and the accused was referred to the public prosecutor's office, which initiated the investigations.
