Morocco’s Office des Changes has initiated formal enforcement proceedings against a number of individuals identified as holding crypto assets abroad, marking the first visible escalation of regulatory action in a sector that has long operated in a legal grey zone. In written notifications sent to the individuals concerned — a copy of which was obtained by Le360 news outlet — the foreign exchange authority stated that it had identified the constitution of assets abroad in the form of crypto assets, generating sales to Moroccan residents between March and August 2025. Recipients were given thirty days to provide explanations and supporting documentation, after which contentious proceedings could be launched.
The…