Morocco finalized crypto regulatory framework: Central Bank
-
Loading... - Benayoun Imane
- 07 Feb 2023
- 56 Views
- 0 Like
- 0 Comment
The bill, which should be introduced to public discussion in the following days, will legally define crypto in the fast-growing market.
Morocco may see its first crypto bill introduced “in the following days.” The document is already written by the Central Bank and will be discussed with the industry stakeholders.
Late last month, during the press conference, the Governor of Morocco’s Central Bank, Bank Al-Maghrib (BAM), Abdellatif Jouahiri, announced a series of discussions between the BAM and the market participants. Regulators, such as the Moroccan Capital Markets Authority (AMMC), the Insurance Supervisory Authority and Social Security (ACAPS), will also participate. It will precede the implementation of the crypto law.
According to Jouahiri, the BAM collaborated with the International Monetary Fund and the World Bank while working on the document. Earlier reports claim that Moroccan officials also contacted the central banks of France, Sweden and Switzerland to study their regulatory experience with digital assets. Read More…
