Crypto Illegal in Egypt: What You Need to Know About Trading Risks and Legal Status
When it comes to crypto illegal Egypt, the official stance from Egypt’s Central Bank and government is clear: cryptocurrency trading, holding, and exchanging are not permitted under current law. Also known as cryptocurrency ban Egypt, this rule applies to Bitcoin, USDT, and all other digital assets—even if you’re just buying them for savings or sending them to a friend. Unlike countries that regulate crypto, Egypt treats it like unlicensed financial activity, meaning banks can freeze your account and authorities can pursue criminal charges.
People still trade crypto in Egypt, mostly through peer-to-peer platforms like Paxful or local WhatsApp groups. But here’s the catch: these aren’t safe workarounds. There’s no legal protection if you get scammed. If you send money to someone claiming to sell you Bitcoin and they disappear, the police won’t help you. Even worse, banks now monitor transactions for signs of crypto activity—large transfers to known P2P platforms can trigger automatic account freezes. The crypto regulations Egypt, enforced by the Central Bank of Egypt and the Financial Regulatory Authority, don’t allow exchanges, ATMs, or wallets to operate legally. That means every trade you make is outside the system, and every wallet you hold is invisible to regulators—and vulnerable to hackers.
The crypto trading risks Egypt, include not just financial loss but real legal consequences. There have been documented cases of individuals arrested for running crypto exchange services, even if they were just helping friends convert EGP to USDT. Fines can reach hundreds of thousands of Egyptian pounds, and jail time isn’t rare. The government doesn’t just want to stop crypto—it wants to scare people away from even trying. And it’s working. Many who once traded now keep their coins on foreign exchanges, never withdrawing to local banks. What you’ll find in the posts below are real stories from people who got caught, guides on how to spot scams targeting Egyptians, and breakdowns of how other countries with similar bans handle enforcement. You won’t find advice on how to bypass the law—you’ll find the truth about what happens when you do.
Dec
Egypt's Law 194 of 2020 bans all cryptocurrency trading, mining, and promotion without Central Bank approval. No exceptions have been granted, leaving millions of users stranded and startups fleeing the country.
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