Moroccan-Spanish ties, a diplomatic success story

Relations between Morocco and Spain have never been stronger, offering an example of a success story of cooperation between two neighbours working hand on hand including on controversial issues. At a press conference in Rabat, both Moroccan and Spanish foreign ministers, Nasser Bourita and José Manuel Albares, expressed satisfaction at the promising prospects of bilateral […]

Morocco’s Foreign Exchange Authority Targets Crypto Asset Holders in Enforcement Move

Morocco’s Office des Changes has initiated formal enforcement proceedings against a number of individuals identified as holding crypto assets abroad, marking the first visible escalation of regulatory action in a sector that has long operated in a legal grey zone. In written notifications sent to the individuals concerned — a copy of which was obtained […]

Morocco declares end of CMI card-payment monopoly after market reforms

Morocco’s central bank and competition regulator said reforms have ended the long-standing dominance of the Centre Monétique Interbancaire (CMI) in the country’s bank-card payment market, opening the sector to new operators and lowering costs for merchants. Morocco has completed the transition from a market where CMI was the sole provider of merchant card-acquiring services to […]