Is crypto legal in Egypt?
Cryptocurrency is banned in Egypt.
Northern Africa · EG · 3 of 9 dimensions sourced
Egypt crypto policy at a glance
Stage of the central bank digital currency programme — research, pilot, or launched.
Whether crypto is legal, restricted, or banned for individuals and businesses.
“The Central Bank of Egypt affirms that trading in cryptocurrencies is strictly prohibited through the banking system, and no licenses have been issued to any entity to operate in such activities.”
Whether the jurisdiction licenses crypto/VASP service providers.
Rules governing stablecoin and e-money-token issuance.
How crypto gains are taxed and reported, including OECD CARF participation.
How decentralized finance (DeFi) is treated by regulators.
Whether NFTs are addressed in regulation.
Policy toward crypto mining — permitted, restricted, or banned.
“The Central Bank of Egypt reiterates that dealing in any type of cryptocurrency is strictly prohibited inside Egypt… Any activity that involves issuing, trading or promoting cryptocurrencies, or operating any platforms related to them, is considered a violation of the law and will be subject to legal measures.”
Intensity of regulatory enforcement actions against crypto firms.
Explore Egypt and compare it with other countries on the interactive crypto policy map →