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Morocco Finalized Crypto Regulatory Framework

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Morocco could have its first crypto bill being introduced "in the following days."

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The document has already been written by the Central Bank and will be reviewed with industry players.

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The governor of the Moroccan Central Bank, Bank Al-Maghrib (BAM) Abdellatif Jourahiri, announced a number of meetings with the BAM and the market players.

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Regulators, like those from the Moroccan Capital Markets Authority (AMMC) and which is the Insurance Supervisory Authority and Social Security (ACAPS), are also expected to be involved.

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It will be the first step in the introduction of the crypto law.

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According to Jouahiri that the BAM worked together with The International Monetary Fund and the World Bank while working on the document.

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Moroccan officials also spoke to central banks from France, Sweden, and Switzerland to review their experience using digital assets.

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