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Q/A Cryptocurrencies - is it Legal , or Not ?




The Law Article codes on this date vary from one country to another, in Morocco it is not legal to carry out transactions according to the following regulations of 2017.
According to Wikipedia : 

On November 20, 2017, Morocco's foreign exchange office declares that transactions carried out via virtual currencies constitute a violation of foreign exchange regulations, subject to sanctions and fines.

The Library of Congress (LOC) conducts periodic reviews of countries' stances on Bitcoin and cryptocurrencies, 

In November 2021 identified 103 countries whose governments directed their financial regulatory agencies to develop regulations and priorities for financial institutions regarding cryptocurrencies and their use in AML & CFT.

The L.O.C also identified many countries that allow cryptocurrencies to be used.

Several other countries allow Bitcoin to be used in transactions and have developed forms of regulation. Some examples are:

- USA
- United Kingdom
- Israel
- Australia
- Canada
- The European Union
- Japan
- Iceland
- Denmark
- Germany
- Mexico
- Spain
- France

Countries - with Implicit Bans

The Library of Congress identified 42 countries with implicit bans on certain cryptocurrency uses in its November 2021 update. Some of the countries it lists are:

- Maldives
- Vietnam
 -Bahrain
- Libya
 - Central African Republic
- Burundi
- Cameroon
- Macao
- Gabon
- Georgia
- Guyana
 -Kuwait
- Lesotho
- Zimbabwe

Countries - Absolute Bans

- Morocco
- Iraq
- Qatar
- Egypt
- China
- Tunisia
- Nepal
- Bangladesh
- Algeria



#DRVX92

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