This Sunday morning, Hespress reported that the Moroccan Ministry of Finance has prepared Draft Law No. 42.25 to fill a legal gap that has persisted for years, as this vital sector or digital assets have remained outside the official regulatory framework. This anticipated economic step is considered a qualitative turning point in the Kingdom’s efforts to modernize its financial and digital system, ensuring a balance between innovation and legal protection.
The explanatory memorandum of the draft law issued by the Ministry of Economy and Finance in the Kingdom states that this legislation seeks to achieve four main objectives: protecting investors, ensuring market integrity and combating fraud and money laundering, in addition to encouraging innovation in digital and financial sectors, and maintaining balance.
It also stipulates that cryptocurrencies will not be considered a legal means of payment but classified as a separate category of financial assets. The trading of these assets is required to occur exclusively through licensed service providers and within a strict adherence to Moroccan monetary system regulations, ensuring market protection and minimizing risks associated with money laundering.
For its part, Bank Al-Maghrib has committed to regulating the use of stablecoins and monitoring all financial flows related to asset-backed tokens. The central bank, under the provisions of the draft law, will ensure that all stablecoins are backed by liquid and solid assets and that redemption operations are conducted through transparent and trustworthy mechanisms.
