Morocco is stepping into the crypto era with a draft law designed to regulate and protect its digital asset market.
Morocco has released a draft law to regulate its crypto asset market, marking a major step toward formal oversight. The proposal, published by the General Secretariat of the Government, is open for public feedback and was developed by the Finance Ministry and Bank Al-Maghrib (BAM).
The law creates a clear framework for innovation while combating risks like money laundering, terrorism financing, and fraud. It recognizes three regulated groups: crypto service providers (trading, custody, portfolio management), utility token issuers approved by the Moroccan Capital Markets Authority (AMMC), and stablecoin issuers, limited to licensed banks and payment firms.
Central bank digital currencies, NFTs, mining, and DeFi are excluded. Firms must meet strict governance and capital rules, with penalties for violations.
This move positions Morocco as a regional leader in crypto regulation, aiming to boost investor confidence and consumer protection.
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