Egypt Compliance Report

Regulatory Overview

Regulatory Status

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

Key Regulator(s)

Central Bank of Egypt, Financial Regulatory Authority

Primary Legislation

Article 206 of Law No. 194 of 2020 prohibits the issuance or trading of cryptocu, Anti-Money Laundering Law, Executive Regulations of Law No. 80/2002, The Banking and Central Bank Law, Central Bank and Banking Sector Law No. 194 of 2020, Article 206, Egypt Law 194 of 2020 crypto., Law No. 194 of 2020, This is the primary law governing banking and payment systems in Egypt, includin, FRA Decree 171 2023 Egypt, and its Executive Regulations, This law, along with subsequent amendments and executive regulations, forms the, not direct law link, U.S. citizens, permanent residents, entities organized under U.S. law, and anyone within the U.S., CBE Law 194/2020, There are no specific rules or regulations for algorithmic stablecoins. These wo, CBE Law, This provides a good overview of the law, including Article 206 context, though not the full official text, While not a legal regulation, Dar al-Ifta (Egypt's official Islamic advisory bod

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

Data collection in progress. This country's compliance facts are queued for research by our AI worker fleet. Check back soon or access data via MCP.