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Egypt vs Vietnam

Crypto regulation comparison

← Back to map | Egypt | Vietnam
Egypt

Egypt

Vietnam

Vietnam

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.

Vietnam passed the Law on Digital Technology Industry in June 2025 (effective January 2026), officially recognizing crypto as legal virtual assets. However, the SBV still bans crypto as a payment method. The law requires AML/cybersecurity compliance for all crypto activities. Vietnam consistently ranks among the top globally in crypto adoption. Ministry of Finance to issue detailed guidance before 2026.

Tax Type Unclear
Tax Type Income
Tax Rate N/A
Tax Rate Up to 25% (corporate); individual unclear
Exchanges No No
Exchanges No No
Mining No No
Mining Yes Yes
Regulator Central Bank of Egypt (CBE), Dar al-Ifta
Regulator SBV (State Bank of Vietnam), MOF (Ministry of Finance), MIC (Ministry of Information)
Stablecoin Rules Not applicable under current restrictions
Stablecoin Rules Crypto recognized as virtual assets under Law on Digital Technology Industry; payment use still banned
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
  • Law on Digital Technology Industry (June 2025) recognizes crypto as legal virtual assets
  • SBV still bans crypto as payment method; not recognized as legal tender
  • Vietnam ranks #1 globally in crypto adoption (Chainalysis 2023 index)
  • AML and cybersecurity compliance required for all crypto trading activities
  • Ministry of Finance to issue detailed crypto regulatory guidance before January 2026
Sources
Sources