What took them so long? They’ve already missed a huge revenue opportunity. This action was probably influenced global trend now and also maybe by Trump’s statement about considering Bitcoin as a legal reserve. In addition, they’re likely seeing institutional investors entering the space. In fact, the market is already so wide and globally recognized.
If they still feel the risk, then it’s clear the government lacks leaders with brilliant ideas. Risks can always be managed, but the potential tax revenue is something they shouldn’t overlook.
Yep, you might be right, they could be looking for tax, probably 30-40% so that is huge already. We can only speculate that Trump being a pro-Bitcoin president could have swayed Morocco's president.
But in any case, and for sure others could consider this as a welcoming news, regardless of what is the implications this is very positive. And then we can all argue that this could be closer to the adoption that we all wanted to see for Bitcoin. More countries adopting it, albeit, with tax but they could still join the bandwagon till 2025's bull run and new all time high. Hopefully they will have to approved it by that time.