From historic 2017 'no' to 2026 legal framework
On November 21, 2017, the Ministry of Finance and Bank Al-Maghrib jointly published a communiqué declaring crypto-currency transactions illegal in Morocco, motivated by money laundering, terrorism financing, and consumer protection concerns. This ban, among the world's strictest at the time, remained formally in force until 2026.
5 pillars of the new crypto legal framework
The BAM project published on May 8, 2026 (216 pages) structures the future Moroccan crypto ecosystem around five fundamental pillars.
e-Dirham: Moroccan CBDC expected Q1 2027
The most ambitious project of the new framework is the launch of e-Dirham, the Central Bank Digital Currency (CBDC) issued and 100% guaranteed by Bank Al-Maghrib. e-Dirham will be the digital equivalent of the current fiat dirham, usable for payments and value storage.
Article based on official public data + wafir.ma expert sources. All cited statistics are verifiable with the mentioned organizations.
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