Egypt vs Tajikistan

Crypto regulation comparison

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Egypt

Egypt

Tajikistan

Tajikistan

Restricted
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.

Tajikistan has restricted cryptocurrency activities. The National Bank has warned against crypto use and financial institutions are prohibited from dealing in digital currencies.

Tax Type Unclear
Tax Type None
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 National Bank of Tajikistan
Stablecoin Rules Not applicable under current restrictions
Stablecoin Rules No stablecoin regulation
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
  • National Bank has warned against cryptocurrency use
  • Financial institutions prohibited from dealing in crypto
  • No specific comprehensive crypto legislation
  • Crypto not recognized as legal tender
  • Limited crypto infrastructure
Sources
Sources