Morocco's Central Bank to Announce Crypto Regulation Bill

Morocco’s central bank is reportedly working on a cryptocurrency regulatory framework bill, which will be rolled out soon, according to the bank’s president, Abdellatif Jouahri. The regulatory framework being developed will lead to an escalation of Morocco’s money laundering and anti-terrorist financing regulations. Bank Al-Maghrib (BAM) Governor Abdellatif Jouahri said the institution had approached the International Monetary Fund (IMF) and the World Bank about the benchmarks to be used. It was reported in March that Morocco’s central bank was in talks with two global financial institutions and the central banks of France, Sweden, and Switzerland. According to the central bank, the talks at the time focused on crypto regulatory best practices.