The global wave of crypto adoption continues, and now Morocco is stepping back into the game! After banning cryptocurrencies in 2017, the North African nation is now preparing to reintroduce and regulate digital assets.
The monumental announcement came from Abdellatif Jouhari, the governor of Morocco’s central bank, during an international finance conference in Rabat. He confirmed:
> “A bill has been prepared for the regulation of cryptocurrencies. We are also preparing for the issuance of central bank digital currencies (CBDCs). Discussions are underway on how CBDCs can support public policies.”
Key Highlights:
Morocco’s Crypto Comeback: A complete policy reversal to regulate and enable crypto usage.
CBDC Development: The central bank is preparing for digital currency issuance.
Global Shift in Policies: While countries like the US remain hesitant, nations like Morocco are stepping up to avoid falling behind in the global crypto race.
Why It Matters:
Despite the 2017 ban, decentralized exchanges remained popular in Morocco, showcasing the public's strong interest in crypto. This decision signals a significant shift, not just for Morocco but as part of a larger trend of countries reassessing crypto bans, including China, which banned crypto in 2021 but remains a global mining hub.
As the crypto world expands, Morocco's move could pave the way for other nations to reconsider their stances on digital currencies.
Stay tuned for updates on Morocco's crypto bill and CBDC rollout.
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