Morocco is about to lift the ban on virtual currencies and usher in a new digital era!
Morocco in North Africa is gearing up for exciting changes! The governor of the country’s central bank recently announced that Morocco will lift its ban on virtual currencies and propose a new draft regulatory framework for cryptocurrencies. If the bill passes, Morocco will become the seventh country in Africa to legalize cryptocurrencies, injecting new vitality into financial markets.
As public interest in cryptocurrencies surges, usage in Morocco has increased from 2.4% to 3.1% between 2021 and 2022. The central bank is also considering issuing a digital currency (CBDC) to enhance financial inclusion, demonstrating Morocco’s desire and potential for digital innovation.
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