Moroсco Outlaws Cryptocurrency Transactions

Morocco has officially instituted a ban on transactions using cryptocurrencies, citing a lack of regulation as a ‘danger’ to users. According to an official press release on its Office des Changes website, the country’s foreign exchange regulator took a firm stance on the use of cryptocurrencies in the country.

The official press release states – transactions via virtual currencies constitute a breach of regulations, punishable by penalties and fines.

Read more on the Coin Telegraph (link)