Will Bank Al-Maghrib Unveil Cryptocurrency Regulations at Gitex Africa Morocco 2025?

Rabat, March 29, 2025 – Speculation is mounting that Bank Al-Maghrib (BAM), Morocco’s central bank, may reveal its long-awaited cryptocurrency and blockchain regulations during the upcoming Gitex Africa Morocco 2025. The third edition of this major tech event could mark a turning point for Morocco’s fintech landscape.

In an exclusive interview, Chakib Achour, a representative of Kaoun International—the event’s organizer—dropped a tantalizing hint. Discussing Morocco’s technological strides, he stated, “Morocco is actively developing this [tech] sector, and a new regulation is likely to be announced by the central bank during Gitex Africa.” Achour, a former Huawei ICT ambassador now working with the Dubai World Trade Centre, added fuel to the buzz by confirming BAM’s presence at the fintech segment of Gitex Africa 2025. “The central bank will be there this year,” he affirmed.

When pressed for details, BAM’s communication team confirmed the institution’s participation but remained tight-lipped about any specific announcements, heightening anticipation around this hot-button issue.

A Shift in Crypto Policy

The potential unveiling follows remarks by Abdellatif Jouahri, BAM’s governor, during the bank’s final 2024 meeting on December 17. At the subsequent press conference, Jouahri revealed that a legal framework for crypto-assets is in the works. “We aim to regulate the use of crypto-assets without stifling the innovation this ecosystem can foster,” he explained. This initiative, backed by technical support from the International Monetary Fund (IMF) and the World Bank, seeks to balance security with fintech growth.

Morocco has historically taken a hard stance against cryptocurrencies, with BAM imposing a strict ban. However, this position appears to be softening as the country pivots toward a regulated approach, sparking widespread interest among tech enthusiasts and investors.

Related: [Morocco’s Tech Boom: What to Expect in 2025](insert link)

Gitex Africa 2025: A Fintech Spotlight

Scheduled for 2025, Gitex Africa Morocco is poised to showcase Morocco’s ambitions in technology and finance. Achour’s comments suggest that BAM’s participation could steal the spotlight, especially if the crypto regulations are unveiled. The event, organized by Kaoun International, continues to cement its status as a key platform for African innovation.

Beyond Crypto: A New Industry Event

In the same interview, Achour unveiled another major development: the “World Advanced Manufacturing Logistics” event, set for late October in Casablanca. Spearheaded by Kaoun International, this initiative aims to position Morocco as a global leader in industry and logistics. “It’s designed to rank among the top five or six events of its kind worldwide,” Achour claimed. The event has secured partnerships with heavyweights like Morocco’s Ministry of Industry and Trade, the General Confederation of Moroccan Enterprises (CGEM), and the Moroccan Agency for Investment and Export Development (AMDIE).

Why It Matters

Morocco’s evolving stance on cryptocurrency reflects a broader push to harness blockchain and fintech innovation while maintaining a secure financial environment. With BAM’s regulatory framework reportedly nearing completion, all eyes are on Gitex Africa 2025 for a potential game-changer. The move could unlock new opportunities for businesses and investors in one of Africa’s fastest-growing tech hubs.

As the countdown to Gitex Africa begins, the question remains: Will Morocco’s central bank finally lift the veil on its crypto regulations? Stay tuned for updates on this unfolding story.