During the following Bank Al-Maghrib (BAM) Board press briefing, Abdellatif Jouahri indicated that a draft regulation of crypto-assets was underway. “The internal commission is making progress on the subject, and the sub-commissions are working,” he said.
“We already have a draft bill on the table, which we are working on to regulate this area,” revealed the governor of BAM.
“This work is done on the basis of a benchmark of other central banks, and with the technical support of the World Bank and the International Monetary Fund,” he said, adding that the Central Bank was also advised by a legal expert. “who has extensive experience in this field”.
“We want to speed up this project with the aim of reconciling innovation and openness to the outside world, with consumer protection and vigilance on the risks of money laundering and cash financing,” said Abdellatif. Jouahri.
ON THE MEMY SUBJECT :
Where is the investment in cryptocurrencies in Morocco?
Crypto-currencies: in Morocco, legal void and judicial vagueness