{"id":534322,"date":"2023-01-03T12:52:44","date_gmt":"2023-01-03T09:52:44","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/morocco-finalized-crypto-regulatory-framework-central-bank\/"},"modified":"2023-01-03T12:52:44","modified_gmt":"2023-01-03T09:52:44","slug":"morocco-finalized-crypto-regulatory-framework-central-bank","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/morocco-finalized-crypto-regulatory-framework-central-bank\/","title":{"rendered":"# Morocco finalized crypto regulatory framework: Central Bank"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2ed91e8cab4\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2ed91e8cab4\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/morocco-finalized-crypto-regulatory-framework-central-bank\/#%E2%80%9D_Morocco_finalized_crypto_regulatory_framework_Central_Bank_%E2%80%9C\" >&#8221; Morocco finalized crypto regulatory framework: Central Bank  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Morocco_finalized_crypto_regulatory_framework_Central_Bank_%E2%80%9C\"><\/span>&#8221; Morocco finalized crypto regulatory framework: Central Bank  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDEvZDM5Zjc3YzQtOTNiZi00NjU0LThmMmQtOGU0YzZmM2QzOGNhLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-6ed77c39>The Kingdom of Morocco may see its first crypto bill introduced \u201cin the following days.\u201d The document is already written by the Central Bank and will be discussed with the industry stakeholders.\u00a0<\/p>\n<p>On Jan. 3, during the press conference, the Governor of Morocco\u2019s Central Bank, Bank Al-Maghrib (BAM), Abdellatif Jouahiri <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.moroccoworldnews.com\/2022\/12\/353154\/moroccos-central-bank-says-crypto-regulating-draft-law-is-ready\">announced<\/a> a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> of discussions between the BAM and the market participants. Regulators, such as the Moroccan Capital Markets Authority (AMMC), the Insurance Supervisory Authority and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Social<\/a> Security (ACAPS), will also participate. It will precede the implementation of the crypto law. <\/p>\n<p>According to Jouahiri, the BAM collaborated with the International Monetary Fund and the World Bank while working on the document. Earlier reports <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/myprofit.com\/report-morocco-s-central-bank-to-unveil-crypto-regulation-bill-soon\/\">claim<\/a> that Moroccan officials also contacted the central banks of France, Sweden, and Switzerland to study their regulatory experience with digital assets. <\/p>\n<p>The draft will offer a definition of crypto, \u201cadapted to Moroccan context,\u201d and aim at protecting individuals while not constraining innovation. Although the bill&#8217;s details weren\u2019t revealed, it could hardly be more restrictive, than the current legislation, which outlaws the crypto trade altogether. <\/p>\n<p>In 2022, Morocco became the fastest-growing crypto market in Northern Africa, going from 2.4% of the population owing digital assets in 2021 to 3.1% a year later. In 2020, Soluna <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.unlock-bc.com\/news\/2020-02-25\/soluna-deploys-first-blockchain-powered-wind-farm-in-morocco\/\">deployed<\/a> the first blockchain-powered wind farm in Dakhla, the Southern and most windy district of Morocco. The energy excess of this farm powers the crypto mining operations. <\/p>\n<p><strong><em><u>Related: <\/u><\/em><\/strong><strong><em>Crypto makes history in 2022: Five instances of governments embracing digital assets<\/em><\/strong><\/p>\n<p>A recent report from Chainalysis reveals that the crypto market in the Middle East and North Africa (MENA) region is the fastest growing in the world. Transaction volume in the MENA region reveals users received $566 billion in crypto in the time frame of July 2021 to June 2022. This is 48% more than the previous year.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/morocco-finalized-crypto-regulatory-framework-central-bank\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Morocco finalized crypto regulatory framework: Central Bank &#8220; The Kingdom of Morocco may see its first crypto bill introduced \u201cin the following days.\u201d The document is already written by the Central Bank and will be discussed with the industry stakeholders.\u00a0 On Jan. 3, during the press conference, the Governor of Morocco\u2019s Central Bank, Bank&#8230;<\/p>\n","protected":false},"author":1,"featured_media":534323,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/d39f77c4-93bf-4654-8f2d-8e4c6f3d38ca.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74355,25562,87619,70934],"class_list":["post-534322","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-adoption","tag-africa","tag-morocco","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/534322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=534322"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/534322\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/534323"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=534322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=534322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=534322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}