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Morocco’s Central Bank Eyes Crypto Regulation to End Years of Digital Assets Ban

Morocco is drafting crypto laws to regulate digital assets, signaling a shift from its 2017 ban on cryptocurrencies. The country is drawing inspiration from the EU's MiCA framework and aligning with global efforts to manage digital currencies. The Moroccan Central Bank is also exploring the potential introduction of a central bank digital currency (CBDC) to modernize financial systems and enhance financial inclusion. Morocco's regulatory initiative reflects its willingness to adapt to global financial trends and the transformative potential of technologies like blockchain and digital currencies. The impact of the draft law on Morocco's financial ecosystem will depend on the details of its implementation.

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