According to reports, Morocco may introduce its first cryptocurrency bill “in the next few days.” The document has already been prepared by the central bank and will be discussed with industry stakeholders.
On January 3, during a press conference, Abdellatif Jouahiri, Governor of Bank Al-Maghrib (BAM), the central bank of Morocco, announced a series of discussions between BAM and market participants.
Morocco may introduce its first cryptocurrency bill "in the next few days." The document has been drafted by the central bank and will be discussed with industry stakeholders.
Late last month, at a press conference, Central Bank of Morocco Governor Al-Maghrib (BAM) Abdellatif Jouahiri announced a series of discussions between BAM and market participants. Regulatory agencies such as the Moroccan Capital Market Authority (AMMC), the Insurance Superintendence and the Social Security Administration (ACAPS) will also be involved. It will precede the implementation of encryption laws.
According to Jouahiri, BAM worked with the IMF and World Bank in developing the document. Earlier reports said Moroccan officials also contacted the central banks of France, Sweden, and Switzerland to study their regulatory experience with digital assets.
I hope now you will know about Morocco Central Bank Governor Says Crypto Draft Law Now 'Ready'. The draft would provide a definition of encryption, "adapted to the Moroccan context," aimed at protecting individuals without limiting innovation. While details of the bill were not disclosed, it is hardly more stringent than current legislation, which bans cryptocurrency trading entirely.
