The Bank of Morocco plans to introduce its own digital currency regulation bill within the next few days.
The number of citizens who use Bitcoin and other virtual coins in the country is growing, so the authorities are interested in controlling the blockchain industry.
The head of the Central Bank, Abdellatif Juahiri, said at the end of last week that the regulator was discussing options for legalizing cryptocurrencies with market participants. Together with the Central Bank, the Moroccan Capital Markets Authority (AMMC) and the Insurance Supervision and Social Security Authority (ACAPS) will oversee the industry.
According to him, the Bank of Morocco is also collaborating with the International Monetary Fund and the World Bank.