BTC $67,081.00 (-1.52%)
ETH $1,977.85 (-1.98%)
XRP $1.43 (-3.91%)
BNB $609.03 (-1.88%)
SOL $82.24 (-3.66%)
TRX $0.28 (-0.63%)
DOGE $0.10 (-3.10%)
BCH $561.05 (-1.01%)
ADA $0.28 (-2.94%)
LEO $8.66 (+1.61%)
HYPE $29.14 (-1.56%)
LINK $8.68 (-2.67%)
CC $0.16 (-2.51%)
XMR $326.10 (-4.78%)
XLM $0.16 (-4.30%)
RAIN $0.01 (-0.01%)
ZEC $262.15 (-9.89%)
HBAR $0.10 (-3.10%)
LTC $53.28 (-2.06%)
AVAX $8.89 (-2.65%)

Egypt vs Venezuela

Crypto regulation comparison

← Back to map | Egypt | Venezuela
Egypt

Egypt

Venezuela

Venezuela

Restricted
Legal

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.

Venezuela has a unique crypto history. The government launched the Petro (PTR) state cryptocurrency in 2018, backed by oil reserves, though it was widely considered a failure and discontinued. SUNACRIP regulates crypto activities and has licensed mining operations. Venezuelans have high crypto adoption due to hyperinflation, with USDT widely used as a de facto currency. Crypto mining requires a SUNACRIP license.

Tax Type Unclear
Tax Type Income
Tax Rate N/A
Tax Rate Up to 34%
Exchanges No No
Exchanges Yes Yes
Mining No No
Mining Yes Yes
Regulator Central Bank of Egypt (CBE), Dar al-Ifta
Regulator SUNACRIP (Superintendencia Nacional de Criptoactivos)
Stablecoin Rules Not applicable under current restrictions
Stablecoin Rules Government launched Petro (PTR) state crypto (discontinued); SUNACRIP regulated stablecoins
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
  • SUNACRIP regulates crypto exchanges, mining, and service providers
  • Government-backed Petro cryptocurrency launched in 2018, largely discontinued
  • Crypto mining requires SUNACRIP license and registration
  • Very high crypto adoption driven by hyperinflation; USDT widely used
  • Income from crypto subject to progressive tax rates up to 34%
Sources
Sources