Morocco has launched an investigation into residents suspected of using cryptocurrencies to buy properties abroad without approval. The country's Foreign Exchange Office is looking into the purchases of high-value real estate by Moroccans with residency permits in other countries, facilitated by cryptocurrency exchange platforms that provide anonymity. The investigation comes as the central bank of Morocco signals a change in its approach toward digital assets and aims to create a regulatory framework. Authorities are also looking into social media campaigns promoting discounted foreign real estate deals and marketing tours, raising concerns about the origin of funds and transaction processes. The Foreign Exchange Office is strengthening oversight to prevent illegal activities related to cryptocurrencies and unregulated capital transfers.



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