PANews reported on November 26 that according to Reuters, Morocco’s central bank governor Abdellatif Jouahri said at an international conference that Morocco is promoting a cryptocurrency-related bill, which has now entered the approval process. Morocco has imposed a ban on cryptocurrencies since 2017, but underground trading activities are still active.

Jouahri revealed that the Moroccan Central Bank (Bank Al Maghrib) has drafted a law to regulate crypto assets and is studying the feasibility of central bank digital currency (CBDC). He emphasized that CBDC, as a digital currency controlled by the central bank, is different from decentralized cryptocurrencies and may play a role in promoting public policy goals such as financial inclusion.