In Egypt, the regulation of cryptocurrencies presents a complex challenge. The Central Bank and Banking Law prohibits the issuance, trading, or promotion of cryptocurrencies without prior approval from the Central Bank of Egypt. These restrictions aim to maintain financial stability and protect investors from risks associated with price volatility and fraud.

Despite the ban, interest in cryptocurrencies remains, and calls for a regulatory framework that allows for innovation while managing risks are increasing. Some believe that well-thought-out regulation could open up economic opportunities and keep pace with global developments in financial technology.