At an international conference in Rabat, Abdellatif Jouahri said that the country's authorities are considering lifting the ban on cryptocurrencies and have instructed the regulator to draft a corresponding bill.

"The Moroccan authorities have taken into account the potential benefits of digital currencies, such as expanding financial inclusion and promoting technological progress, and intend to develop a new regulatory approach aimed at ensuring adequate protection for users and investors, while maintaining opportunities to benefit from these innovations. Bank Al Maghrib has prepared a bill regulating crypto assets, which is currently in the process of being adopted," Jouahri said.

The head of the central bank added that cryptocurrencies have been banned in Morocco since 2017, but the country's population continued to use them, which led to the emergence of an underground unregulated market to circumvent government restrictions.

According to the regulator, the legalization of cryptocurrency transactions could attract investment to the country, as well as contribute to consumer protection and the growth of the national digital asset sector.$DASH $KAIA $XRP