The Central Bank of Morocco is working on a bill to regulate cryptocurrencies

The Central Bank of Morocco has begun drafting legislation to control cryptocurrencies and combat illegal activities in the digital industry. Central Bank Governor Abdellatif Jouahri said the bill would be submitted soon. The development is carried out by the International Monetary Fund (IMF) and the World Bank. The regulator is also consulting with the central banks of France, Sweden and Switzerland, who share their experience in regulating cryptocurrencies. Juahri assured that the updated regulatory framework,…

Top manager of American Express: “Payments in crypto-currencies are unprofitable now”

Director of Government Relations for Southern Europe at American Express believes that it is not profitable to pay with cryptocurrencies now. Gonzalo Pérez del Arco at the European Blockchain Convention 2022 spoke about the plans of the American Express payment system related to cryptocurrencies. He named several factors that hinder the introduction of digital currencies in the field of payments: high commissions for conducting transactions and the unwillingness of most merchants to accept payments in…