Post
Topic
Board Bitcoin Discussion
Re: Morocco to legalize bitcoin and crypto again after ban in 2017
by
Spaceman1000$
on 26/11/2024, 17:37:07 UTC
In 2017 Morocco outlawed Bitcoin and other cryptocurrencies in their country. Even though they make it illegal in their country, still people in those countries are trading bitcoin and crypto currency under cover. Maybe this is normal because there are many countries around the world where Bitcoin is not legal yet there are many people in those countries who trade Bitcoin freely and secretly.

So recently the Central Bank of Morocco has said it will legalize all cryptocurrencies.

Quote
Morocco’s central bank is also exploring a potential central bank digital currency (CBDC). Its governor, Jouahri, stated:

“Regarding central bank digital currencies, and like many countries around the world, we are exploring to what extent this new form of currency could contribute to achieving certain public policy objectives, particularly in terms of financial inclusion.”
https://cointelegraph.com/news/morocco-central-bank-legalize-cryptocurrencies-report
As an African, I'm not surprised by the initial stance of Morocco, most countries in this part of the world I always stringent when it comes to adapting to the new World order, which is why we are always coming to the party late. The good thing is that they've realized how unfortunate they've been with some of these unrealistic decision that was not well thought out that they took. However we are still waiting on the Central Bank of Morocco concerning when they will finally take the decision of legalising it.