Published on November 22nd, 2017 | by bitcoin0
Moroсco Outlaws Bitcoin!
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.
Like many emerging markets, the use of cryptocurrencies is steadily growing, with estimates that close to $200,000 worth of transactions are made with virtual currencies.
As more people, companies and institutions begin to use cryptocurrencies, governments and conventional financial institutions are forced to either take a hard line or legalize the use of virtual currencies.
We’ve seen it happen in China and Vietnam – yet people find a way to continue trading, which in time leads to a change in perception of cryptocurrencies