Morocco Central Bank Governor Says Crypto Draft Law Now 'Ready'
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Loading... - Carmen Espina
- 18 Jan 2023
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A Moroccan draft crypto law, which seeks to protect individuals from the risks associated with crypto trading, is ready and will soon be presented to stakeholders, Abdellatif Jouahiri, the governor of Bank Al-Maghrib (BAM), has said. Adoption of crypto by Moroccan residents is now inevitable hence a regulatory framework is needed.
BAM to Hold Discussions With the Capital and Insurance Market Regulators
According to Abdellatif Jouahiri, the governor of the Moroccan central bank also known as Bank Al-Maghrib (BAM), the country’s draft law on crypto is now ready, and will soon be presented to interested parties. In his comments reportedly made during a press conference, Jouahiri insisted the draft law seeks to protect individuals from risks that come with crypto investing.
As per a report by Morocco World News, the Moroccan Capital Markets Authority (AMMC) and the Insurance Supervisory Authority, and Social Security (ACAPS) are some of the stakeholders the central bank is expected to engage before taking steps to implement the proposed law. Read More…
