Central Bank of Egypt

When you think about money in Egypt, you’re really thinking about the Central Bank of Egypt, the government body that issues currency, sets interest rates, and controls financial policy in the country. Also known as CBE, it’s the single authority that decides whether digital money like Bitcoin is allowed—or banned. Unlike decentralized cryptocurrencies, the CBE runs everything from the Egyptian pound to its own digital version, the E-CNY-style digital pound, which it’s actively testing. This isn’t just about modernizing payments—it’s about control. The CBE doesn’t want citizens using Bitcoin to bypass its rules, avoid taxes, or move money outside the system.

The CBE’s stance on crypto isn’t neutral. It has blocked banks from processing crypto transactions, warned the public about scams, and made it clear that Bitcoin isn’t legal tender. This aligns with global trends seen in China and India, where central banks replace open crypto with state-controlled digital money. But Egypt’s approach is unique: it’s not just banning crypto—it’s building its own alternative. The digital currency, a state-issued electronic version of the Egyptian pound designed for everyday use and government tracking is meant to replace cash, reduce fraud, and give the government full visibility into every transaction. That’s the opposite of Bitcoin’s promise of anonymity and decentralization.

For crypto users in Egypt, this means two things: first, you can’t use banks to buy or sell crypto without risking your account. Second, any project claiming to be "approved by the Central Bank of Egypt" is almost certainly a scam. There’s no such approval. The CBE doesn’t partner with crypto exchanges, airdrops, or DeFi platforms. It’s watching, restricting, and preparing for a future where only its digital currency matters. The posts below show you how this plays out in real life—how fake airdrops target Egyptians hoping for free tokens, how exchanges like CoinFalcon or Mercatox get flagged for operating without local licenses, and why projects like GDOGE or Kalata thrive on confusion in markets where official guidance is silent.

What you’ll find here aren’t theories. These are real cases of people losing money because they didn’t understand who holds the power: not a blockchain, not a token, but the Central Bank of Egypt.