Moroccan Central Bank Governor: Morocco's new cryptocurrency framework aims to balance regulation and innovation

2024-12-19 17:28:21

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ChainCatcher news, according to Morocco World News, the Governor of the Central Bank of Morocco (BAM), Abdellatif Jouahri, announced that the country is about to introduce a regulatory framework for crypto assets. This framework has been developed with technical support from the International Monetary Fund (IMF) and the World Bank, aiming to balance regulation and innovation.

The new framework will align with the latest recommendations from the G20 and will focus on addressing financial risks associated with crypto assets. The bill is currently in the public consultation phase and will subsequently be submitted for government and parliamentary approval.

According to a report by Chainanalysis, Morocco currently ranks 20th in the global cryptocurrency adoption index. Research by Insider Monkey in 2023 shows that Morocco ranks 13th among the countries with the highest Bitcoin usage.

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