BAM’s new committee will seek to identify and analyse the advantages and drawbacks of CDBCs for the Moroccan economy. Previously Morocco has expressed concern around the lack of regulation around cryptocurrencies and warned the use of virtual currencies entails significant risk for users.
Although Bitcoin was banned for use in Morocco four years ago, the cryptocurrency continues to thrive in the country, with only Nigeria, South Africa and Kenya being the only African countries to trade more bitcoins.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now