It's interesting how even with a ban, people in Morocco continued trading bitcoin in secret, it shows how strong the demand for crypto is. If the Central Bank is planning to legalize it now, that could be a big shift for the country. Legalization could bring clearer regulations, more security for users and open up new opportunities for businesses. But it'll depend on how they implement the laws, and people might stick to underground trading. I guess we'll have to wait and see how it plays out.
This is a big move for the people of Morocco and the entire crypto community. Bitcoin will always dominate the global financial system having that more people who understand it will always want to experience the rise in the value over time. I really have a strong feeling that maybe the Governor of Morocco central bank or a top official may have made significant profit from the very recent ATH of Bitcoin or saw it, but missed out because the news came out of some sort of excitement and serious deliberations amongst top officials. This is indeed a great move for Moroccans, and a kind of win for the crypto community.