TechFlow News, on December 19, according to Morocco World News, Abdellatif Jouahri, Governor of the Bank Al-Maghrib (BAM), announced that Morocco is preparing to introduce a regulatory legal framework for crypto assets. Developed with technical support from the International Monetary Fund (IMF) and the World Bank, this framework aims to balance regulation and innovation. It will align with the latest G20 recommendations and 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 Chainalysis report, Morocco currently ranks 20th globally in the cryptocurrency adoption index. A 2023 study by Insider Monkey shows that Morocco ranks 13th among countries with the highest Bitcoin usage rates.
