Opportunities and obstacles for Morocco’s new crypto market

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After a five-year-long ban, Morocco is finally ready to embrace the cryptocurrency trade, Morocco’s central bank announced in December last year. “The general principle for issuing this law remains ‘not to limit innovation and protect citizens from the various risks associated with the field’,” said Abdellatif Jouahri, the governor of the Central Bank of Morocco, or Bank Al-Maghrib (BAM), in a press conference on 22 December. The central bank’s announcement has thrilled Moroccan crypto-enthusiasts, who have believed for years in the economic potential that cryptocurrencies could unlock in the …

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