BTC $68,169.00 (+1.71%)
ETH $1,975.41 (+1.81%)
XRP $1.44 (+2.79%)
BNB $630.90 (+3.92%)
SOL $85.29 (+2.50%)
TRX $0.29 (+0.40%)
DOGE $0.10 (+2.15%)
BCH $569.33 (+4.29%)
ADA $0.28 (+2.24%)
LEO $8.65 (-0.66%)
HYPE $29.90 (+2.08%)
LINK $8.92 (+3.79%)
CC $0.16 (+2.12%)
XMR $327.66 (-1.05%)
XLM $0.16 (+1.97%)
RAIN $0.01 (-0.13%)
HBAR $0.10 (+1.72%)
ZEC $258.34 (+0.37%)
LTC $55.13 (+3.05%)
AVAX $9.28 (+2.15%)

Morocco vs Turkey

Crypto regulation comparison

← Back to map | Morocco | Turkey
Morocco

Morocco

Turkey

Turkey

Restricted
Legal

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.

Turkey has one of the highest crypto adoption rates globally, driven by lira depreciation and high inflation. While crypto ownership is legal, the CBRT banned crypto payments in April 2021. In 2024, Turkey passed comprehensive crypto legislation under the Capital Markets Law amendment, giving the CMB authority to license and regulate crypto asset service providers. No crypto-specific tax exists yet, though legislation is under consideration. MASAK (Financial Crimes Investigation Board) oversees AML compliance.

Tax Type None
Tax Type None
Tax Rate N/A
Tax Rate 0% (legislation pending)
Exchanges No No
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator BAM (Bank Al-Maghrib), AMMC
Regulator CMB (Capital Markets Board), CBRT (Central Bank), MASAK
Stablecoin Rules No regulation; crypto transactions banned by central bank
Stablecoin Rules Under development; CBRT banned crypto for payments
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
  • 2024 Capital Markets Law amendment gives CMB authority to license crypto platforms
  • CBRT banned the use of crypto assets for payments in April 2021
  • No crypto-specific tax currently; capital gains tax legislation under discussion
  • MASAK enforces AML/KYC requirements on crypto platforms
  • Turkey ranks among top 5 globally for crypto adoption (driven by lira depreciation)
Sources
Sources