Vavada Banner
BTC $74,049.00 (-0.41%)
ETH $2,327.14 (-1.79%)
XRP $1.36 (-0.77%)
BNB $618.40 (+0.40%)
SOL $83.22 (-2.95%)
TRX $0.32 (+0.40%)
DOGE $0.09 (-1.27%)
HYPE $43.92 (-2.22%)
LEO $10.13 (+0.15%)
ADA $0.24 (-1.03%)
BCH $435.24 (-0.70%)
LINK $9.09 (-1.02%)
XMR $339.02 (-3.30%)
ZEC $358.05 (-3.63%)
CC $0.15 (-5.57%)
XLM $0.16 (+0.24%)
M $2.86 (+2.56%)
LTC $54.44 (-0.11%)
AVAX $9.37 (-0.24%)
RAIN $0.01 (-0.49%)

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