Morocco's central bank is drafting a law to regulate cryptocurrencies, reversing a 2017 ban.

Morocco's central bank is developing a draft law to regulate cryptocurrencies, marking a shift from the 2017 ban imposed over concerns about fraud, money laundering, and terrorism financing. The new framework aims to balance innovation with financial stability and consumer protection. Bank Al-Maghrib is also exploring a central bank digital currency to promote financial inclusion. This regulatory move reflects a broader trend among African nations exploring crypto regulations.

November 26, 2024
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