Morocco is moving towards regulating digital currencies
Morocco is accelerating the legalization and regulation of digital currencies in terms of dealing with and owning them. Coordination is still ongoing between the central bank and the tax authority to organize these operations related to these currencies, approximately by the end of 2026.
Sources revealed that coordination is underway between the General Tax Directorate and Bank Al-Maghrib to establish a regulatory framework that takes into account the challenges of financial innovation on one hand, and enhances oversight on transactions on the other hand, according to international standards.
The new approach is based on classifying activities related to digital assets and imposing progressive taxes on profits from buying and selling, ranging from 15% to 30%, while profits from mining, storage, and free distribution are subject to income tax according to the applicable brackets (between 10% and 38%).
The important thing is to regulate according to international standards.
