๐ฒ๐ฆ Morocco, a North African nation where Bitcoin and other cryptocurrencies have been banned since 2017, is gearing up to embrace the crypto revolution by lifting its ban and legalizing digital assets. ๐๐ป
๐ข According to Reuters, Abdellatif Jouahri, President of the Central Bank of Morocco (Bank Al-Maghrib - BAM), revealed that a draft regulation for cryptocurrencies is already in the works. ๐ฆโจ
๐ฅ This marks a major shift in policy, as Morocco moves forward to unlock a new chapter for digital currencies. During an international conference in Rabat, Jouahri shared that the country is in the process of approving a bill aimed at systematically integrating cryptocurrencies. ๐๐
๐จ๏ธ "A bill on cryptocurrency regulation has been prepared and is currently in the approval phase," he announced. ๐ ๏ธ๐
๐ Additionally, preparations are underway for the launch of a Central Bank Digital Currency (CBDC). Jouahri emphasized that Morocco, like many nations, is exploring how CBDCs can drive public policy goals, particularly enhancing financial inclusion. ๐ณ๐ค
๐ค To ensure a secure and innovative transition, Morocco is collaborating with international financial institutions like the IMF, World Bank, and BAM. This partnership aims to tackle risks such as money laundering and terrorist financing while fostering innovation and protecting consumers. ๐ก๏ธ๐ก
๐ The future of digital finance in Morocco looks brighter than ever! โจ๐ #Bitcoinโ #BTCโ #BinanceSquareFamily #Cryptocurrencies #bitcoinโ๏ธ
