Pravica CEO Mohamed Abdou highlights Egypt’s evolving blockchain stance and praises the transition from skepticism to curiosity.
High-level participants will discuss actual use cases
The recent closed door forum on Egyptian blockchain utilities presents a potential turning point in policy, highlighting the power of open dialogue in building trust, according to Mohamed Abdou, founder and CEO of Pravica. Abdou focused on examining the “education first” strategy embraced by industry leaders from a narrow focus on blockchain risk and a narrow focus on “sophisticated curiosity” about its broad application.
Abdou’s remarks came shortly after Emurgo Labs CEOs and Tony Amer attended a high-level meeting attended by representatives from Egyptian academic, banking and government departments. Other notable participants include Kostas Kryptos Chalkias, co-founder of Mysten Labs, and Gregorios Siourouunis, co-founder and CEO of Money.com.
The forum focused on actual use cases of blockchain, particularly in chain and cross-border payments, and document sharing within government systems. The conference represents a milestone in Egypt’s Web3 ecosystem. This has long tackled the misconception that blockchain is linked to cryptocurrency alone.
Navigate complex regulatory environments
Egypt currently has no formal cryptocurrency regulations, but central banks prohibit issuance, trading or promotion. Still, blockchain-based solutions are permitted in sectors such as trade, logistics and carbon markets. To navigate this complex regulatory environment, Web3 proponents deliberately turned their attention “from speculative assets to tangible utilities.”
To demonstrate this, Abdou told the news on Bitcoin.com that his team is working to collaborate on a pilot programme that addresses local challenges.
“For example, pilots might propose pilots to introduce land registrations to reduce conflicts, or track high-value goods from conflicts to ports. The dialogue has fundamentally changed when regulators can see, touch and measure results from blockchain solutions that reduce fraud, reduce costs or improve public services,” he explained.
Beyond the pilot projects, Pravica is investing in local capacity building through partnerships with universities, incubation hubs and government agencies. By hosting workshops, hackathon sponsors and training developers, the company strengthens Egypt’s commitment to long-term growth. This practical approach to workforce development has helped position Pravika as a reliable strategic partner for regulators.
