Egypt Compliance Report

Regulatory Overview

Regulatory Status

Some rules exist but significant gaps; draft legislation or limited guidance

Key Regulator(s)

**Financial Regulatory Authority (FRA) Official Website

Primary Legislation

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Travel Rule

Adopted — Threshold: $1,000

Tax Reporting

**Law No. 194 of 2020 (Central Bank and Banking Sector Law):** Article 206 explicitly states that "issuing, trading, or promoting cryptocurrencies or transacting in them is prohibited within Egypt without a license from the Board of Directors of the Central Bank of Egypt." As of now, no such licenses have been granted, making these activities generally illegal within the formal financial system.. **Dar al-Ifta al-Masriyyah (Egypt's official religious authority):** Issued a religious decree (fatwa) in 2018 declaring cryptocurrency trading as impermissible (haram) under Islamic law, citing its speculative nature and associated risks. While not a tax law, this further shapes public and governmental perception.. **No Specific Crypto CGT:** Egypt does not have a specific capital gains tax for cryptocurrency.. **General Capital Gains Tax in Egypt:**. **Securities:** A 10% capital gains tax applies to profits from the disposal of Egyptian-listed securities. This does not apply to cryptocurrencies as they are not recognized as securities on the Egyptian Exchange (EGX).

Key Facts

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