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Morocco vs New Caledonia

Crypto regulation comparison

← Back to map | Morocco | New Caledonia
Morocco

Morocco

New Caledonia

New Caledonia

Restricted
No Data

Morocco's central bank (Bank Al-Maghrib) banned cryptocurrency transactions in 2017, making it illegal for financial institutions to process crypto payments. Despite the ban, Morocco has one of the highest crypto adoption rates in Africa. The government has been exploring a potential regulatory framework, with Bank Al-Maghrib reportedly studying a CBDC and reconsidering its crypto stance.

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Tax Type None
Tax Type Unclear
Tax Rate N/A
Tax Rate N/A
Exchanges No No
Exchanges No No
Mining Yes Yes
Mining No No
Regulator BAM (Bank Al-Maghrib), AMMC
Regulator -
Stablecoin Rules No regulation; crypto transactions banned by central bank
Stablecoin Rules -
Key Points
  • Bank Al-Maghrib banned crypto transactions for financial institutions in 2017
  • Crypto ownership is technically in a legal gray area; trading happens via P2P
  • Morocco ranks among the top crypto adopters in Africa despite the ban
  • Government exploring regulatory framework and potential CBDC
  • No crypto taxation framework exists due to the ban
Key Points

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Sources
Sources

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