Morocco Announces Plans to Regulate Crypto Assets with New Legal Framework

Morocco is nearing the adoption of a legal framework for crypto assets, aiming to foster financial innovation while regulating their use.

Bank Al-Maghrib Governor Abdellatif Jouahri announced that the framework aligns with G20 recommendations and addresses crypto-related risks. Developed with technical assistance from the World Bank and IMF, the framework seeks to balance regulation and innovation.

Morocco aims to become one of the first developing nations with clear crypto legislation, preparing for the economic challenges of digital currency. The adoption process includes public consultation and parliamentary approval.

Clever Robot News Desk 22^th December 2024