Vavada Banner
BTC $68,268.00 (-1.39%)
ETH $2,063.60 (-1.76%)
BNB $628.93 (-0.72%)
XRP $1.39 (-1.88%)
SOL $86.71 (-1.63%)
TRX $0.31 (+0.33%)
DOGE $0.09 (-1.02%)
BCH $471.48 (+2.44%)
ADA $0.25 (-1.94%)
HYPE $38.26 (-1.90%)
LEO $9.31 (+0.75%)
XMR $359.06 (+5.49%)
LINK $8.74 (-1.62%)
CC $0.15 (+1.82%)
XLM $0.16 (-3.03%)
LTC $53.97 (-1.35%)
RAIN $0.01 (+1.44%)
AVAX $9.11 (-1.75%)
HBAR $0.09 (-1.66%)
ZEC $220.51 (-0.09%)

Burundi vs Egypt

Crypto regulation comparison

← Back to map | Burundi | Egypt
Burundi

Burundi

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