Crypto Regulation in Morocco

Restricted

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
Mining Tax
--

Licensing & Registration

License Required
Yes
Regulator
BAM / AMMC (Bank Al-Maghrib / Autorite Marocaine du Marche des Capitaux)
Framework
Draft crypto regulation under development (2024-2025); 2017 ban on crypto as payment still in effect
License Types
--
Estimated Cost (USD)
TBD - framework pending
Timeline
TBD months
Ease of Licensing
Very Complex

AML / KYC

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

Mining

Mining Legal
No
Status
Banned
Electricity Cost ($/kWh)
$0.09
Renewable Energy
35%
Climate
Hot
Infrastructure
Good
Tax on Mining Income
20-35% CIT
Notes
Crypto mining is explicitly prohibited or effectively banned in this jurisdiction.

DeFi, Stablecoins & NFTs

DeFi: restrictedStablecoins: restrictedNFTs: unregulatedCBDC: research - BAM exploring digital dirham

Soken Services

Legal Opinion
Available | $5,000 - $20,000 | 14 days
Banking
Difficulty: Very Hard | Crypto-friendly banks: none listed
Min. Deposit
$10,000
Fiat Rails
SWIFT
Card Payments
Visa, Mastercard
Licensing Support
Available | $50,000 - $200,000

Sources

Bank Al-Maghrib AMMC
medium

Frequently Asked Questions

Is crypto legal in Morocco?
Cryptocurrency is currently classified as "Restricted" in Morocco.
What is the crypto tax rate in Morocco?
In Morocco, the personal capital gains tax on crypto is 20% on investment gains (general; crypto applicability unclear), and the corporate tax rate is 20-35% CIT.
Do I need a crypto license in Morocco?
Yes, a crypto license is required in Morocco. The regulator is Bank Al-Maghrib / Autorite Marocaine du Marche des Capitaux under Draft crypto regulation under development (2024-2025); 2017 ban on crypto as payment still in effect. Estimated licensing cost: TBD - framework pending.
Is crypto mining legal in Morocco?
No, crypto mining is currently banned or illegal in Morocco. Crypto mining is explicitly prohibited or effectively banned in this jurisdiction.
What are the AML/KYC requirements for crypto in Morocco?
Yes, crypto businesses in Morocco must comply with KYC (Know Your Customer) requirements.