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Morocco’s central bank is set to authorize all cryptocurrencies as their usage among the populace remains high, despite a comprehensive prohibition on digital assets established in the nation in 2017.
Bank Al-Maghrib, the central bank of Morocco, has prepared a legislative proposal to oversee cryptocurrencies, which is presently under review. This information was disclosed by Abdellatif Jouahri, the Governor of Bank Al-Maghrib, during an international conference held in Rabat, as reported by Reuters.
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Additionally, Bank Al-Maghrib is exploring the feasibility of establishing a Central Bank Digital Currency (CBDC). Officials from the bank are particularly focused on the potential to enhance access to financial services for the populace.
In November 2017, Moroccan authorities enacted a nationwide prohibition on cryptocurrency transactions. Nevertheless, these restrictions did not notably diminish the extent of crypto usage, with a significant portion of the population possessing digital assets. Analysts indicated that over 900,000 Moroccan citizens held Bitcoin in 2021, which accounted for 2.4% of the nation’s total population. At that time, Morocco was at the forefront of North Africa in this regard.
In total, users from the Middle East and North Africa (MENA) region represented approximately 7.5% of the overall crypto transaction volume in the first half of 2024.
Сообщение Morocco Prepares Legal Framework to Legalize Cryptocurrencies появились сначала на CoinsPaid Media.
