Morocco to Unveil Crypto Regulation Bill Soon: A Major Shift for Digital Assets

JUST IN: 🇲🇦 Morocco\'s central bank is reportedly working on launching a crypto regulation framework bill. After years of prohibiting Bitcoin and cryptocurrencies, Morocco is set to revoke its long-held policy, heralding a significant move toward crypto-related initiatives.

Morocco is expected to adopt crypto asset regulations soon, signaling a potential boom for the digital asset market in the country. The Moroccan central bank is presently working on a cryptocurrency regulation framework bill, and according to the bank’s governor, Abdellatif Jouahri, this bill is set to be released very soon. This comes as Morocco ranks 20th in crypto adoption, highlighting the growing interest and demand for digital currencies within the nation.

What to Expect from the Moroccan Crypto Law

The regulations are framed through measures discussed and are being carefully crafted to balance innovation with consumer protection. Morocco is ready for introducing its crypto regulatory bill, and Moroccan people might see the release of the final crypto law very soon. The upcoming bill is expected to provide clarity on the legal status of cryptocurrencies, licensing requirements for crypto exchanges and service providers, and anti-money laundering (AML) measures.

CBDC on the Horizon?

While the focus is currently on regulating cryptocurrencies, the Moroccan Central Bank is still studying its CBDC implementation. The development of a Central Bank Digital Currency (CBDC) could further revolutionize the financial landscape in Morocco, offering a secure and efficient alternative to traditional payment systems.

Stay tuned for further updates on the Moroccan crypto regulation bill and its potential impact on the future of digital assets in the region.