Morocco's Central Bank to Unveil Crypto Regulation Bill Soon

Abdellatif Jouahri, the governor of Bank Al-Maghrib (BAM), which is the Moroccan central bank, said recently that the bank committee is working on a cryptocurrency regulation framework bill that is set to be introduced soon. Abdellatif Jouahri also revealed that BAM has engaged both the International Monetary Fund (IMF) and the World Bank over the benchmarks that will be used. BAM has conceded that Moroccans will likely adopt cryptocurrencies previously, but it has also repeatedly warned of the risks that are associated with the use of cryptocurrencies alongside the Ministry of Finance and the Moroccan Capital Market Authority.