Morocco

Developing Partly Confirmed Verified August 25, 2026

Morocco’s official position remains restrictive while a broader crypto-assets framework is being developed. Virtual currencies are not legal tender and payment use remains prohibited.

Bank Al-Maghrib / Moroccan Capital Market Authority

Total Laws (incl. applicable EU-wide)

Effective Laws

At a Glance

Is holding crypto allowed?

Restricted

Is crypto trading allowed?

Restricted

Is P2P trading allowed?

Restricted

Are crypto payments allowed?

Prohibited

Is crypto legal tender?

Is mining allowed?

Unclear

Is staking allowed?

Restricted

Is DeFi participation allowed?

Restricted

Are stablecoins allowed or regulated?

Prohibited

Activity Status Matrix

Activity	Status	Details
Holding Crypto	Restricted	Is holding crypto allowed?
Crypto Trading	Restricted	Is crypto trading allowed?
P2P Trading	Restricted	Is P2P trading allowed?
Crypto Payments	Prohibited	Are crypto payments allowed?
Legal Tender	No	Is crypto legal tender?
Mining	Unclear	Is mining allowed?
Staking	Restricted	Is staking allowed?
DeFi	Restricted	Is DeFi participation allowed?
Stablecoins	Prohibited	Are stablecoins allowed or regulated?
NFTs	Unclear	Are NFTs allowed or regulated?
Token Launches	Restricted	Are token launches allowed?
Crypto Advertising	Restricted	Is crypto advertising allowed?
Banking Access	Prohibited	Do crypto businesses have banking access?

Regulation Overview

Bank Al-Maghrib’s official virtual-currency notice states that crypto is unregulated, risky and does not constitute legal tender. Moroccan authorities have been developing a dedicated framework, but users should not assume that proposals or public announcements have commenced. Until operative rules and licensing channels are officially published, payments and service provision remain restricted.

Tax Information

Crypto tax is governed by Morocco's national tax law, not by the crypto licensing framework. Classification depends on facts such as investment, trading, employment, mining, staking or business use; verify current filing, valuation and indirect-tax rules with General Tax Directorate.

Individual Tax Treatment

Individuals should keep acquisition cost, disposal proceeds, wallet, exchange and local-currency valuation records. Gains, income, gifts and foreign-account reporting can receive different treatment; confirm the current position with General Tax Directorate.

Business Tax Treatment

Businesses should apply normal corporate-tax, accounting, payroll and indirect-tax rules to crypto revenue, holdings and expenses. Licensing does not replace tax registration, invoicing, recordkeeping or reporting duties.

General Tax Directorate

Business & Licensing

Covered service providers must obtain the licence, registration or approval required by Bank Al-Maghrib / Moroccan Capital Market Authority; cross-border firms must verify whether passporting or local authorisation is available.

AML / KYC Requirements

Regulated providers must perform customer and beneficial-owner due diligence, sanctions screening, transaction monitoring, recordkeeping and suspicious-transaction reporting under applicable AML/CFT rules.