Morocco Drafts Law to Legalize Digital Assets
Morocco is advancing legislation to regulate cryptocurrencies, according to the governor of the country’s central bank.
The proposed law, which is still under review, represents a shift from the current 2017 ban on cryptocurrencies. Despite the prohibition, underground use of digital assets remains widespread.
Morocco’s Crypto Regulations are Already In the Works
According to a Reuters report, the central bank, Bank Al-Maghrib, has spearheaded the drafting of this regulatory framework. The legislation aims to provide clarity on crypto asset management and ensure compliance with international standards.
The central banks are also reportedly exploring options to develop a central bank digital currency (CBDC).
…
