Jurisdiction reference
Egypt
Regulator: CBE / FRA. License/registration context: Unclear. 2 VASP/entity records are tracked by Plexo Institute in Egypt. Official registry source: CBE / FRA — official regulator. Data last updated: 2026-09-24.
Under Law No. 194 of 2020, Egypt bans the issuance, trading, or promotion of cryptocurrencies, including stablecoins, unless pre-approved by the Central Bank of Egypt (CBE). No licenses have been issued to date, effectively maintaining a total prohibition. Violators may face imprisonment or hefty fines, up to EGP 10 million. Religious leaders, including Dar al-Ifta, have also declared crypto "haram," heightening resistance to digital assets. While crypto isn't outright banned in law, in practice it's treated as illegal, leaving stablecoins completely off the table. Egypt is also exploring a digital pound (e-GPB) on a CBDC, possibly by 2030, but that's a state project, not private stablecoin issuance.
Regulatory Status
- Jurisdiction code
- EG
- Regulator
- CBE / FRA
- Travel Rule
- Not Implemented
- Tracked entities
- 2
- Yield-bearing stablecoins
- Restricted
- Currency
- EGP
Regulatory approach
The CBE is Egypt's monetary authority
Licensed entities in Egypt
2 regulated-entity records tracked in Egypt by Plexo Institute.
| Entity | Status | License type |
|---|---|---|
| Binance | Registered | Operating (No formal VASP framework) |
| Rain Financial | Registered | Operating |
Relationship Graph
Jurisdiction FAQ
Who regulates Egypt?
The current Plexo Institute record lists CBE / FRA as the regulator for Egypt.
How many VASPs are tracked in Egypt?
2 VASP/entity records are tracked by Plexo Institute in Egypt.
What is the Travel Rule status in Egypt?
The current Plexo Institute record lists the Travel Rule status for Egypt as Not Implemented.
Source Evidence
This profile is compiled from official legislation and regulator records. Source confidence: official source evidence.