Bank Al-Maghrib crypto: What You Need to Know About Morocco's Stance on Digital Assets
When it comes to cryptocurrency, Bank Al-Maghrib, the central bank of Morocco responsible for monetary policy and financial stability. Also known as Morocco's National Bank, it has never recognized Bitcoin or any other digital asset as legal tender. Unlike the European Central Bank or the U.S. Federal Reserve, Bank Al-Maghrib doesn’t just ignore crypto—it actively warns against it. In 2024, the bank reiterated that trading, holding, or using cryptocurrencies violates Moroccan financial law. That doesn’t mean Moroccans aren’t trading. Thousands still buy Bitcoin via peer-to-peer platforms, use USDT for remittances, or stake altcoins on offshore exchanges. The gap between official policy and real behavior is wide—and growing.
What’s really happening? Morocco crypto regulation, a strict legal framework that bans financial institutions from facilitating crypto transactions has pushed users underground. Banks freeze accounts linked to Binance or Kraken. Payment processors like PayPal and Stripe block crypto-related purchases. Yet, African cryptocurrency, a fast-moving sector where nations like Nigeria and Kenya lead adoption is reshaping how people think about money. Moroccans are watching neighbors who turned crypto into a lifeline for remittances and small business payments. The question isn’t whether crypto will arrive—it’s how soon the system will adapt. Some analysts believe Bank Al-Maghrib is quietly testing a central bank digital currency, a digital form of the Moroccan dirham issued and controlled by the central bank. If so, it would be a direct response to the crypto underground, not a rejection of digital money itself.
What you’ll find below are real stories from Moroccan crypto users, reviews of platforms that still work there, and clear breakdowns of what’s legal, what’s risky, and what’s just a scam. You’ll see why some traders use P2P apps like Paxful to buy Bitcoin with cash, how stablecoins bypass banking blocks, and why local exchanges like LocalBitcoins Morocco vanished overnight. No fluff. No hype. Just what’s actually happening on the ground—and what you need to know before you move your money.
Morocco Cryptocurrency Ban: What You Need to Know in 2025
Morocco banned cryptocurrency in 2017, but millions still use it. Inflation, currency devaluation, and weak banking pushed people toward crypto. Now, the government plans to legalize it with strict rules and a national digital currency.
- September 13 2025
- Terri DeLange
- 20 Comments