Morocco to Legalize Cryptocurrencies After 2017 Ban, Says Central Bank Chief Abdellatif Jouahri

Nov 26, 2024, 12:45 PM

Morocco is preparing to lift its 2017 ban on cryptocurrencies and legalize digital assets, according to Abdellatif Jouahri, the governor of the central bank, Bank Al-Maghrib. Jouahri announced on November 26, 2024, at a conference in Rabat, that a draft law to regulate cryptocurrencies is ready and undergoing review, Reuters reported. Despite the ban, underground use of cryptocurrencies has persisted in the country. The move signals a significant shift in Morocco's stance towards digital assets.