Morocco plans to legalize all cryptocurrencies after banning digital assets in 2017. The central bank, Bank Al-Maghrib, has prepared a draft law for cryptocurrency regulation, now under review. Governor Abdellatif Jouahri announced that the law is in the adoption process. Despite the 2017 ban, many Moroccans continue to hold cryptocurrencies. This move comes amidst a growing global interest in cryptocurrency regulations, especially following Europe’s upcoming MiCA regulations. Additionally, the central bank is exploring the potential of central bank digital currencies (CBDCs) to enhance financial inclusion. Recent developments in other countries, like the UK's roadmap for cryptocurrency regulation by 2026, reflect a trend of nations reassessing their stance on digital assets. Europe’s forward-thinking approach is significantly influencing regulatory frameworks worldwide, as countries strive to establish comprehensive regulations for cryptocurrencies and digital assets.

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