Morocco To Legalise Bitcoin And Crypto: Central Bank Chief
Morocco is poised to lift its long-standing ban on Bitcoin and cryptocurrencies, signaling a significant shift in the nation’s financial policy. According to Reuters, Abdellatif Jouahri, the Governor of Bank Al-Maghrib (BAM), announced that a draft law regulating crypto assets is in the final stages of adoption. “We have prepared a draft law regulating crypto assets, which is currently in the adoption process,” Jouahri stated during an international conference in Rabat.
Bitcoin And Crypto Ban Reversal Was Long Planned
Cryptocurrencies have been banned in Morocco since 2017 due to concerns over financial risks and market volatility. Despite the ban, Bitcoin and cryptocurrency usage persisted underground, with an estimated…
