Morocco is about to welcome new crypto regulations! 🇲🇦 The governor of the Central Bank of Morocco announced that the country is developing a regulatory legal framework for crypto assets, with technical support from the International Monetary Fund and the World Bank. This initiative aims to balance regulation and innovation, ensuring that financial risks are effectively managed.
The new framework will be consistent with the latest recommendations from the G20 and is currently in the public consultation phase, set to be submitted for government and parliamentary approval in the future. It is noteworthy that Morocco ranks 20th in the global cryptocurrency adoption index, with Bitcoin usage also ranking 13th worldwide. With the introduction of the new regulations, Morocco's crypto market may welcome new development opportunities. 📈