ChainCatcher reported that according to Morocco World News, the Governor of the Central Bank of Morocco (BAM), Abdellatif Jouahri, announced that the country will soon introduce a legal framework for the regulation of crypto assets. The framework was developed with the technical support of the International Monetary Fund (IMF) and the World Bank, and aims to balance regulation and innovation.
The new framework will be consistent with the latest G20 recommendations and focus on addressing financial risks associated with crypto assets. The bill is currently in the public consultation stage and will be submitted to the government and parliament for approval.
According to Chainanalysis, Morocco currently ranks 20th in the global cryptocurrency adoption index. According to Insider Monkey’s 2023 research, Morocco ranks 13th among the countries with the highest Bitcoin usage.