Morocco reports 14.6 billion dollars in crypto flows and 23 new fund visas

Morocco recorded approximately 14.6 billion dollars in cryptocurrency asset flows between July 2025 and June 2026, according to the 2026 Geography of Cryptocurrency report by Chainalysis. This volume ranks the country second in North Africa, following Egypt with 18.8 billion dollars, and ahead of Algeria with 8.1 billion dollars.

The reported crypto activity highlights a persistent gap between actual usage and the official regulatory framework. Since 2017, Moroccan authorities have warned against using cryptocurrencies for payments, citing volatility, fraud risks, and exchange control violations. In April 2022, Bank Al-Maghrib and the Moroccan Capital Market Authority (AMMC) reaffirmed that virtual currency transactions remain unregulated and prohibited.

In the regulated financial sector, the AMMC published a list for October showing 23 new visas for Undertakings for Collective Investment in Transferable Securities (OPCVM). The most frequent categories were equity and diversified funds, each receiving six visas. Additionally, two new approvals were granted for the FCP Africapital Dynamique, managed by Africapital Management, and WG Epargne, managed by Wafa Gestion.