Unlike most countries in the world, Morocco has not legalized cryptocurrency. Up until the previous year, Morocco adopted the ‘wait and see’ approach to regulate the crypto industry. However, in late 2024, the country released a statement that it is preparing to legalize cryptocurrency under the federal government.
Recently, the Central bank released new updates on this regulatory framework, while the government actively works on bringing crypto activities under national fiscal policies.
2025- Tax Regime
February 2025- Investigation on Crypto users in property purchases
November 2024- Crypto Regulatory Framework
November 21, 2017- Crypto Ban
Cryptocurrency and Digital Assets | Current Status | 2025-2026 |
Bitcoin | Illegal | Under the process of regulation |
NFTs | Illegal | Under the process of regulation |
Mining | Illegal | Under the process of regulation |
Trading | Illegal | Under the process of regulation |
DeFi | Illegal | Under the process of regulation |
CBDC | Illegal | Under the process of regulation |
Morocco has been sending mixed signals, as the government banned crypto, it has been awaiting clearer international legal frameworks before stepping up to regulate the use of the asset within the Moroccan economy.
Earlier, during banning crypto, the Foreign Exchange Office stated, “Penalties and fines will apply to anyone engaging in transactions with foreign countries that do not go through authorized intermediaries or in foreign currencies not listed by Bank Al-Maghrib,” in regards of crypto.
However, now the country is finally taking a step up to regulate cryptocurrency with a legal framework.
While navigating the legal crypto framework, Morocco is trying to balance financial stability with innovation. Along with the regulatory framework of crypto, Morocco has proposed a tax structure bracketing different activities, which will be implemented by 2025.
Tax Type | Tax Rate | Detalis |
Capital tax gains | 15-30% | Treatment of securities |
Income tax | 10% to 38% | Progressive |
Corporate tax | 20% to 31% | Including crypto businesses |
As the interest in crypto is growing rapidly among Moroccans, the government seems compelled to regulate crypto to prevent any further illegal activity. With a clear taxation regime and legal regulatory framework, Morocco aspires to position itself as a potential fintech hub. The government is all set to regulate Bitcoin (with other cryptocurrencies), CBDC, and develop blockchain technology to make Morocco a prosperous nation.
No, cryptocurrency is currently still illegal in Morocco, having been banned in 2017. However, the government is actively preparing a new regulatory framework to legalize and oversee crypto activities, with a draft law in the adoption process.
Morocco banned crypto in 2017 primarily due to fears of losing monetary sovereignty, decentralization threatening the central bank’s control, concerns about illicit activities like money laundering and terrorism financing, and a lack of consumer protection in an unregulated market.
Morocco’s proposed 2025 crypto tax regime includes a 15-30% capital gains tax, a progressive income tax of 10-38%, and a 20-31% corporate tax for crypto businesses. Guidelines for mining, airdrops, and staking are also expected.
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