Egypt vs Kosovo
Crypto regulation comparison
Egypt
Kosovo
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.
Kosovo banned crypto mining in 2022 due to energy crisis but crypto trading remains legal. The Central Bank has warned about crypto risks.
Tax Type
Unclear
Tax Type
Income
Tax Rate
N/A
Tax Rate
0-10%
Exchanges
No
Exchanges
Yes
Mining
No
Mining
No
Regulator
Central Bank of Egypt (CBE), Dar al-Ifta
Regulator
Central Bank of Kosovo
Stablecoin Rules
Not applicable under current restrictions
Stablecoin Rules
No specific 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
- Crypto mining banned in 2022 due to energy crisis
- Crypto trading and holding remain legal
- Central Bank has warned about crypto risks
- Income from crypto subject to taxation
- Growing crypto adoption despite mining ban