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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 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 loosen its currency peg to the euro and dollar in 2026, resuming a gradual reform process that was paused during the pandemic. Central bank governor Abdellatif Jouahri announced this shift while attending the IMF and World Bank annual meetings in Washington.
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