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New regulations in Egypt -- the largest country in MENA -- are revving up the country's Fintech ecosystem centered around the new central bank law, and regulations for digital wallets.
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"Suddenly in two years we have the new central bank law, regulations for wallets...we believe that within the next few months or couple of years we will see a big bang in fintech," said Mohamed Essam, a fintech specialist at the law office of Matouk, Bassiouny and Hennawy.
https://www.reuters.com/business/egypt-eyes-surge-fintech-investment-after-new-laws-2021-06-22/
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