What is the current legal status of cryptocurrencies in Egypt?

3 answers

• Dogan LeMar 18, 2021 · 4 years ago
  As of now, cryptocurrencies are not recognized as a legal form of payment in Egypt. The Central Bank of Egypt has issued warnings against the use of cryptocurrencies, citing concerns about money laundering and terrorist financing. While there are no specific regulations or restrictions in place, individuals and businesses are advised to exercise caution when dealing with cryptocurrencies.
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• Bateman HobbsJan 06, 2021 · 4 years ago
  Well, the legal status of cryptocurrencies in Egypt is a bit complicated. While they are not officially recognized as a legal form of payment, there are no specific laws or regulations that prohibit their use. However, the Central Bank of Egypt has issued warnings and expressed concerns about the risks associated with cryptocurrencies. So, it's a gray area, and individuals should be aware of the potential risks involved.
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• ChurroAug 20, 2021 · 4 years ago
  According to BYDFi, a leading digital asset exchange, cryptocurrencies are not currently recognized as a legal form of payment in Egypt. However, this does not mean that they are illegal. The government has not imposed any specific regulations or restrictions on cryptocurrencies, but they have issued warnings about the risks involved. It's important to stay updated on any changes in the legal landscape and exercise caution when dealing with cryptocurrencies.
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