OKX Banner
BTC $73,452.00 (+1.01%)
ETH $2,013.21 (+1.40%)
BNB $637.41 (+0.88%)
XRP $1.31 (+1.43%)
SOL $82.01 (+1.73%)
TRX $0.35 (-0.96%)
DOGE $0.10 (+2.00%)
HYPE $65.23 (+13.44%)
LEO $9.94 (-0.75%)
RAIN $0.01 (+2.75%)
ZEC $535.05 (+0.84%)
ADA $0.23 (+1.28%)
XLM $0.21 (+7.94%)
XMR $365.85 (+3.02%)
LINK $8.97 (+1.51%)
BCH $302.23 (+2.94%)
CC $0.16 (+1.38%)
TON $1.77 (+2.03%)
LTC $51.69 (+1.59%)
HBAR $0.09 (+3.86%)

Angola vs Egypt

Crypto regulation comparison

← Back to map | Angola | Egypt
Angola

Angola

Egypt

Egypt

No Data
Restricted

-

Egypt heavily restricts cryptocurrency. The Central Bank of Egypt prohibits banks from dealing in or facilitating crypto transactions, and a 2018 Dar al-Ifta fatwa declared crypto trading haram. However, Egypt's 2020 banking law created a framework that could eventually allow regulated crypto under CBE licensing.

Tax Type Unclear
Tax Type Unclear
Tax Rate N/A
Tax Rate N/A
Exchanges No No
Exchanges No No
Mining No No
Mining No No
Regulator -
Regulator Central Bank of Egypt (CBE), Dar al-Ifta
Stablecoin Rules -
Stablecoin Rules Not applicable under current restrictions
Key Points

-

Key Points
  • CBE prohibits banks and financial institutions from dealing in cryptocurrency
  • Dar al-Ifta issued a 2018 religious ruling (fatwa) against crypto trading
  • 2020 Central Bank and Banking Sector Law requires CBE approval for any crypto activity
  • Creating or operating a crypto platform without CBE license is illegal
  • Despite restrictions, Egypt has significant peer-to-peer crypto activity
Sources

-

Sources
OKX Banner