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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 finalizing a legal framework for cryptocurrency regulation, developed in collaboration with the IMF and World Bank, to balance innovation and regulation. The framework, which aligns with G20 recommendations, aims to enhance the country's growing crypto market while ensuring financial stability. Governor Abdellatif Jouahri emphasized the importance of stakeholder engagement in crafting these regulations, which will undergo public consultation before government approval.
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, focusing on regulation and taxation without special tax incentives. The legislation aims to ensure financial stability and compliance with anti-money laundering standards, treating crypto profits like securities trading. Amid ongoing conflict, digital assets are seen as vital for economic resilience and cross-border transactions, having already raised nearly $70 million for defense and humanitarian efforts in 2023.
Ukraine is set to legalize cryptocurrencies by early 2025, with new legislation currently under review that will impose taxes on crypto profits converted to fiat, similar to securities trading. The initiative, developed in collaboration with the National Bank of Ukraine and the IMF, aims to ensure financial stability and compliance with Anti-Money Laundering standards. Amid ongoing conflict, this move could provide secure financial tools for Ukrainians, facilitating cross-border transactions and safeguarding wealth.
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.
BitOasis, a Dubai-based cryptocurrency trading platform, has secured a full virtual asset service provider license from the Virtual Assets Regulatory Authority, following its acquisition by Indian exchange CoinDCX. This milestone allows BitOasis to enhance its existing services for retail and institutional investors in the MENA region. The firm, which previously held a provisional permit, aims to expand its product offerings and comply with regulatory requirements in the UAE.
Akdital Group reported consolidated sales of DH2.02 billion by September 2024, marking a 52% increase year-on-year. With plans to expand to over 50 establishments and 5,700 beds by 2026, the group aims for continued growth in net margin, currently at 10%. Founded by Rochdi Talib, Akdital has transformed from a single clinic into a major healthcare player in Morocco, supported by a skilled management team.
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