Morocco reportedly plans to legalize all cryptocurrencies after the country banned digital assets in 2017.
The plan was revealed by Abdellatif Jouahri, governor of the Moroccan central bank, who told Reuters that the central bank has “prepared a draft law regulating crypto assets, which is currently in the adoption process.”
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“Regarding central bank digital currencies, and like many countries around the world, we are exploring to what extent this new form of currency could contribute to achieving certain public policy objectives, particularly in terms of financial inclusion.”
CBDCs are issued on permissioned blockchain networks, usually controlled by a central financial institution, as opposed to decentralized public blockchain networks like Bitcoin and Ethereum.
Morocco’s growing interest in cryptocurrencies comes during a global rise in interest in developing digital asset regulations.
Europe has played a significant role in inspiring other countries to develop digital asset regulations.
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