The monetary and banking system of Egypt is regulated by the Central Bank and Banking Sector Act No. 194 of 2020 that ensures the autonomy of the Central Bank of Egypt and sets much higher capital requirements. Moreover, the act contributes to the modernization of the financial industry by providing regulation of the process of issuing licenses for digital banks and introducing a prohibition on unlicensed cryptocurrency business. For additional information concerning Egyptian banking law, refer to the website of the Central Bank of Egypt.
Spotted something wrong, missing or worth adding? Tell our editors. Every submission
is reviewed and verified against its source before anything changes — nothing you send appears on the
site automatically.
Thank you — our editors will review this
Your suggestion has been received. Contributions from practitioners keep these profiles accurate. Nothing appears on the site until an editor has verified it against its source.
