Morocco Prepares to Legalize Cryptocurrency with New Regulatory Framework by 2025

Morocco, historically cautious about cryptocurrency, is shifting its stance. The government announced plans in late 2024 to legalize digital assets under federal oversight. Bank Al-Maghrib (BAM) and the Moroccan Tax Administration (DGI) will jointly regulate the sector, with taxation policies expected by 2025.

The proposed framework includes a capital gains tax of 15-30% and progressive income taxes ranging from 10% to 38%. Businesses operating in the crypto space will face corporate taxes, though detailed guidelines remain pending. Authorities have already begun cracking down on illicit crypto-enabled real estate transactions, targeting those bypassing foreign exchange regulations.

This regulatory pivot marks a significant departure from Morocco's previous 'wait-and-see' approach. The MOVE aligns with global trends of increasing institutional acceptance of digital assets, while attempting to curb misuse. Market observers anticipate these measures could position Morocco as a regional leader in crypto adoption within North Africa.