Vavada Banner
BTC $70,871.00 (+2.12%)
ETH $2,169.08 (+2.43%)
BNB $645.65 (+2.41%)
XRP $1.41 (+1.59%)
SOL $91.71 (+3.25%)
TRX $0.31 (+1.50%)
DOGE $0.10 (+3.43%)
ADA $0.27 (+3.95%)
HYPE $40.34 (+2.09%)
BCH $475.33 (+0.49%)
LEO $9.43 (-0.45%)
LINK $9.34 (+3.02%)
XMR $345.53 (+0.40%)
XLM $0.18 (+6.32%)
CC $0.14 (+0.14%)
LTC $56.32 (+1.05%)
RAIN $0.01 (+2.82%)
AVAX $9.67 (+3.05%)
M $2.38 (+39.49%)
HBAR $0.09 (+2.27%)

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
NordVPN Banner