The governor of the Moroccan central bank says that the crypto law is now ready-

Von Krypto News Österreich

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A Moroccan draft for a crypto law that aims to protect individuals from the risks associated with the crypto handle is ready and will be presented to the interest groups shortly, said Abdellatif Jouahiri, the governor of Bank al-Magrib (BAM). The introduction of crypto by Moroccan residents is now inevitable, so a regulatory framework is required.

BAM has discussions with capital and insurance market supervision

According to Abdellatif Jouahiri, the governor of the Moroccan Central Bank, also known as Bank al-Magrib (BAM), the country's draft law has now been completed and will soon be presented. In his comments, which were reported reported during a press conference, Jouahiri insisted on the draft law to protect individuals from risks that go hand in hand with crypto investments.

according to A

Jouhari reported that

reported the BAM path to develop the document and the planned discussions with other regulatory authorities:

For cryptocurrencies, I can assure you that the project is ready. We worked with the World Bank and the consultant to realize it. The different chapters are completed. Now we are in the discussion with the various stakeholders. It is long but necessary to enable everyone to record this project.

as from Bitcoin.com New BAM both the International Monetary Fund (IMF) and the World Bank, which would be considered best practices for cryptor regulation. In addition, the central bank is said to have created advice that monitors the regulations for cryptos and digital currencies of the central bank.

Through these steps, the BAM seemed to prepare for a scenario in which more Moroccan accepts crypto. In fact, as indicated in the same report, the Moroccan Central Bank was of the opinion that the introduction of the cryptocurrency by the residents was inevitable, which is why a regulatory framework was necessary.

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Terence Zimwara

Terence Zimwara is an award -winning journalist, author and writer from Zimbabwe. He wrote in detail about the economic problems of some African countries and how digital currencies Africans can offer an escape route.












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