What is Morocco's FATF status?

Morocco is classified by FATF as: compliant.

Are VASPs licensed in Morocco?

Yes — licensing is required for VASPs.

What is the AML/KYC regime in Morocco?

KYC is mandatory for crypto businesses.

Morocco

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

Status	Restricted
Risk Score	55/100 (High Risk)
Region	africa west
Currency	MAD

Tax Information

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

No crypto-specific tax guidance available.

Licensing & Registration

Required	Yes
Regulator	BAM / AMMC
Framework	Draft crypto regulation under development (2024-2025); 2017 ban on crypto as payment still in effect
Ease	very_complex
Cost (USD)	TBD - framework pending

Enforcement Activity

Level: Moderate

No detailed enforcement information available

AML / KYC

KYC Required	Yes
Travel Rule	No
FATF Member	No
FATF Status	compliant
FATF Body	MENAFATF
Suspicious-Activity Reporting	No

DeFi, Stablecoins & NFTs

Status: Restricted

Stablecoins

Status: Restricted

NFTs

Status: unregulated

Mining

Legal	No
Electricity Cost	$0.112/kWh
Renewable Energy	22%
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.

Geopolitical Risk

Stability	stable
Sanctions	No
Corruption Index	40/100
Banking Access	restricted

Risk Factors

capital controls
regulatory uncertainty
restricted crypto activities

Morocco is politically stable with moderate ease of doing business. It is not under international sanctions but has restricted banking access for crypto companies and regulatory uncertainty around crypto.