The governor of Morocco’s central bank, Abdellatif Jouahiri, has announced that the country’s proposed legislation on cryptocurrency is complete and will soon be shared with interested parties.
Jouahiri stated that the goal of the legislation is to protect investors from the risks of cryptocurrency trading and investment.
The Moroccan central bank has consulted with the International Monetary Fund and the World Bank on best practices for cryptocurrency regulation and has established a committee to manage regulation of cryptocurrency and central bank digital currencies.
The bank has also been in discussions with the Moroccan Capital Markets Authority, the Insurance Supervisory Authority, and Social Security, and will consult with these bodies before implementing the new legislation.
The Moroccan central bank believes that the adoption of cryptocurrency by Moroccan citizens is inevitable and therefore the need for a regulated framework is necessary.
Judith Faith has been writing about cryptocurrencies and blockchain technology for over five years. She is well versed in the industry and has an extensive network of industry contacts. She is also a frequent contributor to various cryptocurrency publications. With her vast knowledge and experience, she is able to provide insightful and valuable content to her readers. Judith is also an active investor in the cryptocurrency space and has a vested interest in the success of the industry.
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