Morocco Accelerates Crypto Regulation in Response to Growing Public Enthusiasm

Morocco is advancing its cryptocurrency regulation efforts, with the central bank, Bank Al-Maghrib, preparing a draft law for cryptoassets.

This initiative, backed by the World Bank, aims to address growing public interest in digital currencies. The bank is also exploring the development of a central bank digital currency (CBDC) to boost financial inclusion. Despite past restrictions on cryptocurrencies, Morocco is revisiting its approach, having finalized a draft regulatory framework to balance innovation with risk management.

The country’s move signals a shift towards comprehensive crypto regulation as the market evolves.

Clever Robot News Desk 28^th November 2024