Crypto Regulations In Morocco In 2025

Unlike most countries of the world, Morocco has not legalized cryptocurrency. Until the previous year, Morocco adopted the “wait and see” approach to regulate the cryptographic industry. However, at the end of 2024, the country published a statement that it was preparing to legalize cryptocurrency under the federal government.

Recently, the Central Bank has published new updates on this regulatory framework, while the government is actively working on the implementation of cryptographic activities within the framework of national tax policies.

Regulation on cryptography in Morocco

2025- Tax regime

• The Moroccan Tax Administration (DGI) and the Al-Maghrib bank (BAM) will regulate cryptographic activity will supervise the tax, which will probably be implemented by 2025.

• The proposal includes a capital tax of 15 to 30% and a gradual income tax from 10% to 38%. It also requires a corporate tax on companies involved in the crypto; However, the appropriate advice has not yet been published.

February 2025 – Survey of crypto users in properties purchases

• Moroccan authorities have started to suppress purchases of properties compatible with cryptocurrency, as users use crypto to bypass regulations for foreign real estate transactions.

• This violation of the foreign exchange regulations was studied by the Moroccan authorities, and the individuals were found using a significant amount of Bitcoin, Ethereum, Tether, Litecoin and Ripple.

November 2024 – Crame on cryptographic regulation

• A cryptocurrency project undergoes the adoption process in Morocco, said the Governor of the Central Bank, Abdellatif Jouahri.

• He also revealed that Morocco is preparing to regulate the digital currency of the Central Bank (CBDC) to help achieve certain objectives of central public policy, in particular in financial terms.

November 21, 2017 – Crypto Ban

• The Moroccan Exchange Office and the central bank adopted “Bye-bye Bitcoin”, prohibiting cryptocurrencies and imposing a punishment for non-compliance.

• The government has cited potential risks and threats to political power due to the decentralization of the crypto and made the illegal crypto declaration.

Current status of crypto in Morocco

Why did Morocco prohibit crypto?

• Monetary sovereignty: Morocco feared losing economic and monetary sovereignty, having no control over the flight of capital due to the decentralization of the crypto.

• Decentralization of crypto: Since Morocco had not established adequate laws for the crypto, it feared that decentralized digital finance would threaten the hand of the central bank and the banking industry on the liquidity markets.

• Involvement in illegitimate activities: As the crypto is considered a hidden payment system which is not supported by any financial institution, Morocco feared that the crypto would be involved in illicit activities.

• Financial risk: Morocco’s exchange authority, the exchange office, stressed the risk of cryptocurrency used for money laundering, financing terrorism and other illegal activities because of its pseudonym capacity to bypass traditional financial regulations.

• Consumer protection: As there was a missing legal framework, the government was concerned about consumer protection in the event of loss of funds or cryptographic flight.

The position of the Moroccan government on the crypto

Morocco has sent mixed signals because the government prohibited crypto, it awaited clearer international legal frameworks before intensifying to regulate the use of assets within the Moroccan economy.

Earlier, when the crypto ban, the exchange office said: “Penalties and fines will apply to any person engaging transactions with foreign countries which do not undergo authorized intermediaries or in foreign currencies not listed by the Al-Maghrib bank”, with regard to crypto.

However, now the country finally takes a step in place to regulate cryptocurrency with a legal framework.

Cryptographic tax in Morocco

While sailing in the legal framework of cryptography, Morocco is trying to balance financial stability with innovation. In addition to the regulatory framework of the crypto, Morocco has proposed a BRACKET tax structure, which will be implemented by 2025.

• Taxable crypto: Mining, paratroopers and excitations are likely to be considered taxable, with guidelines on distinctions. The treatment of decentralized financial tokens (DEFI) and non -Butins (NFTS) remains uncertain, because appropriate guidelines must still be provided.

• NOTE: Non-compliance could cause a penalty; The holding of files and the timely reports are compulsory for all the companies and individuals involved in the crypto.

Adoption of cryptography in Morocco

• Adoption of cryptography: Despite the ban on cryptography, many people are involved in industry in Morocco. It is estimated that around 6 million Moroccans have or use cryptocurrency in 2024, which represents 16% of the total population. Some users are involved in informal crypto platforms, while others work through underground methods.

• Crypto income: With a new legal framework, the Morocco cryptographic market is expected to reach $ 278.7 million by 2025 and 292.4 million dollars by 2026. Once the framework has been adopted, the cryptography market should grow at a rate of 4.92% per year.

Conclusion

As the interest in the crypto develops quickly among Moroccans, the government seems obliged to regulate the crypto to prevent any other illegal activity. With a clear tax regime and a legal regulatory framework, Morocco aspires to position itself as a potential fintech center. The government is ready to regulate bitcoin (with other cryptocurrencies), CBDC and the development of blockchain technology to make Morocco a prosperous nation.

Faq