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Morocco Advances Crypto Legalization Framework with 2025 Target
Morocco Advances Crypto Legalization Framework with 2025 Target
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BTCCSquare news:
Morocco is transitioning from its historic 'wait and see' crypto stance to establishing formal regulations by 2025. The Central Bank (BAM) and Tax Administration (DGI) will jointly oversee a framework featuring capital gains taxes of 15-30% and progressive income taxes reaching 38%. Authorities are particularly focused on curbing crypto's use in circumventing foreign real estate transaction rules.
The regulatory push follows 2024's announcement of impending legalization, marking a reversal from Morocco's previous ban. While corporate crypto taxation remains undefined, the government is actively integrating digital assets into fiscal policy. This positions Morocco to join the growing list of African nations formalizing crypto economies.
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