---
type: country
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "africa_west", "menafatf", "restricted"]
aliases: ["MA", "MAR", "المغرب"]
created: 2026-04-13
updated: 2026-04-02
compile_into: ["[[country--morocco]]"]
sources:
  - name: "https://www.bkam.ma"
    url: "https://www.bkam.ma"
    type: "official"
  - name: "https://www.ammc.ma"
    url: "https://www.ammc.ma"
    type: "official"
---

#  Morocco (MA) — Crypto Regulation

> Cryptocurrency remains restricted in Morocco with a 2017 ban on crypto as a means of payment still in effect. Draft regulations are under development but no clear legal framework is yet established.

## Overview

| Field | Value |
|-------|-------|
| Status | Restricted |
| Risk Score | 55/100 (High Risk) |
| Enforcement Level | Moderate |
| Region | [[domain--africa|africa west]] |
| Currency | [[entity--mad|MAD]] |

## Tax

| Type | Rate |
|------|------|
| Capital Gains (Personal) | 20% on investment gains (general; crypto applicability unclear) |
| Capital Gains (Corporate) | 20-35% CIT |
| VAT on Crypto | No |
| Mining Tax | No specific guidance |
| Staking Tax | Unclear |
| Airdrop Tax | Unclear |

No crypto-specific tax guidance available.

## Licensing

| Field | Value |
|-------|-------|
| Required | Yes |
| Regulator | [[entity--bam|BAM]] / AMMC |
| Framework | Draft crypto regulation under development (2024-2025); 2017 ban on crypto as payment still in effect |
| Ease | very_complex |
| Cost | TBD - framework pending |
| Timeline | TBD months |

## AML / KYC

| Field | Value |
|-------|-------|
| KYC Required | Yes |
| Travel Rule | No |
| FATF Member | No |
| FATF Status | compliant |

## DeFi

**Status:** Restricted

## Stablecoins

**Status:** Restricted

## NFTs

**Status:** unregulated

## Mining

| Field | Value |
|-------|-------|
| Legal | No |
| Electricity Cost | $0.112/kWh |
| Renewable Energy | 22% |
| Climate | arid |
| Infrastructure | fair |

Crypto mining is banned in Morocco. Electricity cost is relatively high at $0.112/kWh with 22% renewable energy. Infrastructure is fair but mining is prohibited.

## Geopolitics

| Field | Value |
|-------|-------|
| Stability | stable |
| Sanctions | No |
| Corruption Index | 40/100 |
| Ease of Business | moderate |
| Internet Freedom | partly_free |
| Banking Access | restricted |

## Enforcement

No detailed enforcement information available

## CBDC Status: research

---

*Data source: [Soken Crypto Legal Map](https://soken.dev/crypto-map/). Last reviewed: 2026-04-13.*

**Sources:**
- [https://www.bkam.ma](https://www.bkam.ma)
- [https://www.ammc.ma](https://www.ammc.ma)