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Egypt vs Puerto Rico

Crypto regulation comparison

← Back to map | Egypt | Puerto Rico
Egypt

Egypt

Puerto Rico

Puerto Rico

Restricted
No Data

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.

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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 Central Bank of Egypt (CBE), Dar al-Ifta
Regulator -
Stablecoin Rules Not applicable under current restrictions
Stablecoin Rules -
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
Key Points

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Sources
Sources

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