CandleFocus Morocco to Adopt a Legal Framework for Crypto Assets
2024-12-20
Author: Content Editor
Morocco is preparing to adopt a legislative framework to regulate the use of cryptocurrencies while still encouraging innovation in the crypto industry. The framework, which aligns with G20 recommendations, aims to address the risks associated with crypto assets and balance innovation with a well-regulated financial environment. The World Bank and the IMF provided technical assistance in developing the framework. Morocco hopes to become one of the first developing nations to establish clear and comprehensive legislation for crypto assets. The adoption of the framework involves a period of public consultation, followed by parliamentary and cabinet approval.
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