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Morocco is finalizing its first set of cryptocurrency regulations, developed with the assistance of the World Bank and IMF, aiming to protect users while fostering innovation. With growing crypto adoption, the proposed laws will undergo public discussions before parliamentary approval, positioning Morocco as a potential leader in crypto regulation among developing nations.
Morocco is on the verge of adopting a legal framework for crypto assets, aiming to balance regulation with innovation in the sector. Central bank governor Abdellatif Jouahri announced that the framework aligns with G20 recommendations and has received technical assistance from the World Bank and IMF. This initiative positions Morocco as a leader among developing nations in establishing clear legislation for crypto, following a public consultation and parliamentary approval process.
Morocco is set to adopt a legal framework regulating crypto-assets, aiming to balance innovation and financial security, as announced by Bank Al-Maghrib Governor Abdellatif Jouahri. Developed with support from the IMF and World Bank, the framework follows G20 recommendations and includes consultations with various stakeholders. This initiative positions Morocco as a leader among developing nations in crypto regulation, while also addressing the growing interest in its secondary market for non-performing loans.
Ukraine plans to legalize cryptocurrencies by early 2025 under strict regulations, with no tax breaks included. The legislation aims to regulate digital assets, ensuring fiscal oversight and compliance with Anti-Money Laundering measures, while applying standard taxation rules on profits from crypto transactions. This move could position Ukraine as a hub for regulated digital asset trading in Eastern Europe amidst ongoing financial challenges.
Morocco plans to enable local banks to offload nearly $10 billion in junk loans via a secondary market, aiming to enhance funding for an economy affected by climate change. A draft bill has been proposed to help banks improve their balance sheets, bolster solvency, and generate new liquidity for other financing activities, pending legislative approval.
Bank AL-Maghrib BANK
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