Tag: Egypt crypto ban
Egypt's Crypto Ban: Understanding the 1-10 Million EGP Fines Under Law No. 194
Egypt imposes fines of 1-10 million EGP for crypto trading under Law No. 194 of 2020. Learn about the legal risks, enforcement by the CBE and FRA, and the paradox of high usage despite strict bans.
Cross-Border Crypto Transfers from Egypt: Legal Risks and Real-World Consequences
Cross-border crypto transfers from Egypt are illegal under Law No. 194 of 2020, carrying risks of imprisonment and fines up to $213,000. Despite economic pressure driving adoption, no legal pathways exist yet.