Telecom Egypt Blocks Access to Coinbase, Binance and Kraken Exchanges

Egyptian Telecommunication Company (TE data), Egypt’s largest internet service provider has blocked access to some major cryptocurrency exchanges such as Coinbase, Binance , Bitfinex , Kraken and Bitstamp. TE Data is owned and operated by Telecom Egypt.

TE Data has 65% of the market share and controls over 70% of the internet bandwidth in Egypt.

Egyptian users will have to use VPN, to switch to another ISP such as Vodafone Egypt or to use Opera and TOR web browsers in order to bypass the censorship.

So far, Poloniex, Huobi, Hotbit, Bittrex, Kucoin and Gemini websites are not affected by this new censorship.

Number of blocked websites continued to rise in Egypt, including independent news websites that published articles critical of the Egyptian government. Other banned sites include international news outlets such as the Arabic channel Al Jazeera and the Huffington Post Arabic.

The new banking law for the Central Bank of Egypt (CBE) bans creating, promoting or operating cryptocurrency platforms for issuing or trading encrypted currency or cryptocurrency without obtaining the necessary licenses in advance.

M. Ali

Daily cryptocurrency trader, miner, technology enthusiast and a full time IT and security consultant. If you have any questions or comments please feel free to email him at

Recent Posts

P2P NFT Trading Platform Faces Breach: Users Urged to Take Immediate Action

NFT Trader, peer-to-peer (P2P) trading platform, recently experienced a security breach leading to the… Read More

2 months ago

Fireblocks buys Australian blockchain start-up BlockFold

Fireblocks, the crypto company backed by Sequoia Capital and Coatue Management, has acquired BlockFold, a… Read More

5 months ago

Former IcomTech CEO Admits Guilt in Cryptocurrency Ponzi Scheme

In recent development, Marco Ochoa, the former CEO of IcomTech, has pleaded guilty to… Read More

5 months ago

Binance Announces Complete Exit from Russia, Selling Business to CommEX

In significant development for the cryptocurrency world, Binance, one of the leading global cryptocurrency… Read More

5 months ago

Robert Kiyosaki’s Bold Prediction: Citibank Tokens vs. Bitcoin and the US Dollar

In recent tweet that sent shockwaves through the cryptocurrency community, renowned author and financial… Read More

5 months ago

Brazil Enhances National Identity Card Security with Blockchain Technology

In significant stride toward modernization, Brazil is rolling out a novel national identity card… Read More

5 months ago