Morocco finalizes its regulatory framework on cryptocurrencies

Morocco finalizes its regulatory framework on cryptocurrencies


Morocco could see its first cryptocurrency bill introduced “in the next few days”. The document has already been prepared by the central bank and will be discussed with industry stakeholders.

On January 3, during the press conference, the governor of the Central Bank of Morocco, Bank Al-Maghrib (BAM), Abdellatif Jouahiri, announced a series of discussions between the BAM and market participants. Regulatory bodies will also participate, such as the Moroccan Authority for Capital Markets (AMMC), the Regulatory Authority for Insurance and Social Insurance (ACAPS). It will precede the implementation of the Cryptocurrency Act.

Previous reports said Moroccan officials have also approached the central banks of France, Sweden and Switzerland to study their regulatory experience with digital assets.

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