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What will be the impact of cryptocurrency legalization on Morocco's economy by December 31, 2025?
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Resolution / Starting Odds
Positive impact • 25%
Negative impact • 25%
No significant impact • 25%
Uncertain impact • 25%
Economic reports or analyses from credible financial institutions
Story
Morocco to Legalize Bitcoin and Crypto, Reversing 2017 Ban
Nov 26, 2024, 12:21 PM
Morocco is set to legalize cryptocurrencies, including Bitcoin, reversing a ban imposed in 2017. The announcement was made by Abdellatif Jouahri, the governor of Morocco's central bank, Bank Al-Maghrib, during a conference in Rabat on November 26, 2024. Jouahri stated that a draft law to regulate and legalize cryptocurrencies is finalized and undergoing review. According to Reuters, despite the 2017 ban, underground use of cryptocurrencies has persisted in the country. The new legislation aims to provide a legal framework for the use and control of digital assets.
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Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Bitcoin • 25%
Ethereum • 25%
Ripple (XRP) • 25%
Other • 25%
Bank Al-Maghrib • 25%
Ministry of Finance • 25%
A new regulatory body • 25%
Other existing government entity • 25%
Binance • 25%
Coinbase • 25%
Kraken • 25%
Other • 25%
Increased GDP • 25%
Job creation • 25%
Countering sanctions • 25%
No significant impact • 25%
Significant Positive Impact • 25%
Moderate Positive Impact • 25%
Neutral Impact • 25%
Negative Impact • 25%
Increased Bitcoin adoption • 25%
Decreased Bitcoin adoption • 25%
Stable Bitcoin adoption • 25%
Indeterminate impact • 25%
Reduced Debt • 25%
Increased Debt • 25%
No Significant Impact • 25%
Increase in Bitcoin Value • 25%
Significant positive impact • 25%
Moderate positive impact • 25%
No significant impact • 25%
Negative impact • 25%
Increased foreign investment • 25%
Increased domestic investment • 25%
Increased financial inclusion • 25%
Other • 25%