Morocco central bank exploring digital currency but Bitcoin still banned
Business
The central bank of Morocco has reportedly set up a committee to explore the merits and the risks of a digital dirham. The exploratory committee will also study Bitcoin and other digital currencies which are still banned by the Moroccan government.
Bank Al-Maghrib (BAM) seems to be gradually changing its stance on digital currencies, local outlet Morocco World News reports. It has charged the new committee with identifying and analyzing the advantages and drawbacks of a digital dirham for the Moroccan economy. BAM further confirmed the committee’s existence to Ledger Insights, clarifying that it was still at a very early stage.