{ "jurisdiction_id": "MA", "jurisdiction": "Morocco", "url": "https://cryptoassets.gi/jurisdictions/morocco/", "generator": "render_jid v13.3.0", "date_modified": "2026-08-17", "schema_version": "crypto-v2.0.0", "counts": { "modules": 8, "sourced_findings": 18, "source_register": 9 }, "modules": [ { "code": "crypto_licensing", "name": "Crypto Licensing", "confidence": null, "moved_this_cycle": false, "url": "https://cryptoassets.gi/jurisdictions/morocco/#crypto-licensing-crypto-licensing", "standing_position": "Morocco has no crypto-specific licensing statute in force. The binding position remains the November 2017 joint communiqué by the Ministry of Economy and Finance, Bank Al-Maghrib (BAM) and the Autorité Marocaine du Marché des Capitaux (AMMC), which treats virtual-currency activity as unregulated and warns the public against its use; enforcement precedent (e.g. prosecutions for crypto-based purchases) has functioned as a de facto prohibition even though MENAFATF found no legal text formally confirming a ban. Draft Law 42.25 (SGG avant-projet, Aug 2025) would create a VASP licensing regime under AMMC oversight, with BAM approval required for certain activities, but it is not enacted and no effective date exists.", "findings": [ { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null } ] }, { "code": "token_classification", "name": "Token Classification", "confidence": null, "moved_this_cycle": false, "url": "https://cryptoassets.gi/jurisdictions/morocco/#token-classification-token-classification", "standing_position": "No statutory taxonomy of crypto-assets currently exists in Morocco; under the 2017 communiqué, virtual currencies are simply treated as an unregulated instrument. Draft Law 42.25 (pending) proposes a MiCA-inspired taxonomy distinguishing crypto-assets, asset-referenced/stablecoin tokens (BAM-regulated), and other digital tokens (AMMC-regulated), while explicitly excluding NFTs, CBDCs and crypto-mining from its scope.", "findings": [ { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null } ] }, { "code": "on_chain_activity_regime", "name": "On-Chain Activity Regime", "confidence": null, "moved_this_cycle": false, "url": "https://cryptoassets.gi/jurisdictions/morocco/#on-chain-activity-regime-on-chain-activity-regime", "standing_position": "No in-force rules address staking, mining, DeFi, DEX, node operation, validation or tokenization in Morocco. Draft Law 42.25 (pending) expressly excludes crypto mining and leaves DeFi/other digital financial instruments to existing capital-market law rather than covering them directly; staking, validator and node-operation activity are not addressed by either the 2017 communiqué or the pending draft.", "findings": [ { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null } ] }, { "code": "stablecoin_regime", "name": "Stablecoin Regime", "confidence": null, "moved_this_cycle": false, "url": "https://cryptoassets.gi/jurisdictions/morocco/#stablecoin-regime-stablecoin-regime", "standing_position": "No local stablecoin issuance-authorisation, reserve, redemption or disclosure regime is currently in force. Draft Law 42.25 (pending) proposes that BAM will regulate issuers of asset-backed tokens/local stablecoins, but implementing detail (reserve backing, redemption rights, disclosure) is not yet verified against the enacted text since the bill remains in adoption.", "findings": [ { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null } ] }, { "code": "consumer_protection", "name": "Consumer Protection", "confidence": null, "moved_this_cycle": false, "url": "https://cryptoassets.gi/jurisdictions/morocco/#consumer-protection-consumer-protection", "standing_position": "The 2017 BAM/AMMC/MEF communiqué functions as the primary consumer-facing risk-disclosure instrument, warning of the absence of protection against exchange-platform failure, absence of a specific legal protection framework for users, and price volatility. No custody-segregation, complaint-handling, or suitability regime specific to crypto exists; Draft Law 42.25 (pending) would bring custodial exchange operators into AML/CFT-linked licensing scope, but this is not yet in force.", "findings": [ { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null } ] }, { "code": "tax_treatment", "name": "Tax Treatment", "confidence": null, "moved_this_cycle": false, "url": "https://cryptoassets.gi/jurisdictions/morocco/#tax-treatment-tax-treatment", "standing_position": "A 2022 DGI (Direction Générale des Impôts) circular reportedly classifies cryptocurrencies as intangible assets for tax purposes, applying a 20% capital-gains rate on disposals and treating mining income as business income subject to income tax, with a general reporting obligation. This is corroborated only via a secondary summary source, not the primary DGI circular text, so confidence is capped at Probable per the seed's caution flag pending primary-source verification.", "findings": [ { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null } ] }, { "code": "cross_border_transfer", "name": "Cross-Border Transfer", "confidence": null, "moved_this_cycle": false, "url": "https://cryptoassets.gi/jurisdictions/morocco/#cross-border-transfer-cross-border-transfer", "standing_position": "Morocco's binding-adjacent position frames virtual-currency risk partly through the country's general exchange-control regime, as reflected in the 2017 BAM/AMMC/MEF communiqué's unregulated-activity framing. No crypto-specific cross-border reporting threshold exists in force. Draft Law 42.25 (pending) proposes travel-rule-style information-sharing obligations for licensed VASPs, but these are not yet operative.", "findings": [ { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null } ] }, { "code": "aml_cft_regime", "name": "AML/CFT Regime", "confidence": null, "moved_this_cycle": false, "url": "https://cryptoassets.gi/jurisdictions/morocco/#aml-cft-regime-aml-cft-regime", "standing_position": "Crypto subscribes to the FIM aml_ctf baseline; independent aml_cft_regime claims are intentionally not produced here to avoid duplication (absent_field_provenance: not_applicable_in_regime — tracked under FIM subscription, not this baseline). For cross-reference context only: MENAFATF's May 2024 5th Enhanced Follow-Up Report on Morocco shows Recommendation 15 has been re-rated from non-compliant to partially compliant, reflecting incremental progress on virtual-asset AML/CFT technical compliance, though a comprehensive VASP risk assessment remains outstanding per the seed disambiguation.", "findings": [] } ] }