In brief
- The Algerian government has expanded the country’s 2018 Financial Law to ban all crypto-related activities in the country.
- The extended legislation prohibits crypto trading, ownership and mining, with penalties including fines and jail time.
- The law goes against the global trend of increasing crypto liberalization, with commentators suggesting that blanket bans are challenging to enforce.
The Algerian government has introduced a new law explicitly banning all crypto-related activities, including trading, ownership and mining.
Enacted on July 24, the legislation expands and extends the 2018 Financial Law, which prohibited the holding and exchange of cryptocurrencies but didn’t cover mining activities.
The new provision acts as…
