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BNB
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$0.0000277 9.35705
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Bitcoin
Bitcoin (BTC)
$70,802.00 3.12936
Bitcoin price
Ethereum
Ethereum (ETH)
$3,559.10 1.99733
Ethereum price
BNB
BNB (BNB)
$582.56 2.25376
BNB price
Solana
Solana (SOL)
$186.27 1.85464
Solana price
XRP
XRP (XRP)
$0.6297930 2.70386
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000317 5.97306
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000080 5.21085
Pepe price
Bonk
Bonk (BONK)
$0.0000277 9.35705
Bonk price
Bitcoin
Bitcoin (BTC)
$70,802.00 3.12936
Bitcoin price
Ethereum
Ethereum (ETH)
$3,559.10 1.99733
Ethereum price
BNB
BNB (BNB)
$582.56 2.25376
BNB price
Solana
Solana (SOL)
$186.27 1.85464
Solana price
XRP
XRP (XRP)
$0.6297930 2.70386
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000317 5.97306
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000080 5.21085
Pepe price
Bonk
Bonk (BONK)
$0.0000277 9.35705
Bonk price
Bitcoin
Bitcoin (BTC)
$70,802.00 3.12936
Bitcoin price
Ethereum
Ethereum (ETH)
$3,559.10 1.99733
Ethereum price
BNB
BNB (BNB)
$582.56 2.25376
BNB price
Solana
Solana (SOL)
$186.27 1.85464
Solana price
XRP
XRP (XRP)
$0.6297930 2.70386
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000317 5.97306
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000080 5.21085
Pepe price
Bonk
Bonk (BONK)
$0.0000277 9.35705
Bonk price

Morocco’s central bank announces draft crypto law

moroccos-central-bank-announces-draft-crypto-law
Edited by
News
Morocco’s central bank announces draft crypto law

The governor of Bank Al-Maghrib (BAM), Abdellatif Jouahiri, told the media a Moroccan draft crypto law that aims to shield people from the risks associated with cryptocurrency trading is ready.

Jouhari, in an interview, spoke about the BAM’s process for creating the document and the upcoming conversations with other authorities; he said he is confident that the project is ready for cryptocurrency because BAM collaborated with consultants and the World Bank to make it happen. 

He added that the various chapters of the draft are ready, and BAM is currently having conversations with multiple stakeholders so that everyone will understand and work with the project. 

Some of the stakeholders expected to deliberate on the possibility of implementation of the draft are the Moroccan Capital Markets Authority (AMMC), the Insurance Supervisory Authority, and Social Security (ACAPS).

Morocco has been hard on crypto 

In Morocco, cryptocurrency trading is currently prohibited. Market regulators in the nation only acknowledged the existence of digital assets in 2017, when a statewide ban on trading and keeping cryptocurrencies was issued.

However, the restrictions did little to quell consumer demand as cryptocurrency ownership continued to expand steadily, with Morocco being the region in Northern Africa with the most significant growth rate. According to the most recent data, 1.5 million people will own crypto in the nation by 2022.

The core technology behind cryptocurrency, blockchain, appears to flourish despite the frightening trends occurring worldwide, even though the crypto bears are still in control and biting hard. 

The cryptocurrency has grown from a $5.94 billion market in 2021 to a $10.13 billion market in 2022 due to increased demand from numerous industries, including the banking industry.

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