Morocco bans cryptocurrencies

In Morrocco, the central bank Al-Maghrib, the Ministry of Finance, the Foreign Exchange Office, and the Financial Markets Regulator has recently prohibited using cryptocurrencies in the country. As per the joint release published on 5th March, the ban is imposed to protect citizens from legal issues & losses. As per the regulatory authorities, cryptocurrencies are…

India will have to set crypto action with current FATF guidelines

As Parliament proceeds to discuss and debate norm or ban of cryptos and crypto exchanges in parliament from next week, India might have to be mindful that new global guidelines are being set on the management and permission of cryptos, especially given that terror financing and money laundering would become very easy without coordinated global…