Tag: Central Bank of Egypt crypto

Egypt imposes 1-10 million EGP fines for crypto trading under Law No. 194 of 2020. Despite the ban, millions still use crypto to bypass inflation and banking limits. Learn how the law works, who gets targeted, and why enforcement is failing.

Cross-border crypto transfers from Egypt are illegal under Law No. 194 of 2020, with penalties including prison and fines up to $213,000. Despite high inflation and currency collapse driving underground adoption, authorities actively enforce the ban, leaving users exposed to severe legal and financial risks.