Morocco Prepares to Regulate #Bitcoin and Crypto After 2017 Ban and Explore CBDC Development.
Morocco is taking significant steps toward regulating cryptocurrency use and exploring the introduction of a central bank digital currency (CBDC). Abdellatif Jouahri, the governor of Bank Al-Maghrib (BAM), the country’s central bank, confirmed that a draft law to govern cryptocurrency transactions is now under review and in the process of adoption.
Since 2017, Morocco has maintained a ban on Bitcoin and all other cryptocurrencies due to concerns about money laundering, terrorist financing, and other illicit activities.
However, underground crypto usage has persisted despite this prohibition, signaling strong public interest in digital assets.
The new legislation aims to provide a legal framework for crypto transactions, balancing regulatory oversight with the growing demand for digital finance solutions.
