Algeria: Prohibition of the purchase, sale, use, and possession of virtual currencies under Article 117 in Finance Law for the year 2018 (Law No. 17-11)
Progress
Current status
in force
01 Jan 2018 in force
Scope
Implementers
Algeria
Policy Area
Authorisation, registration and licensing
Policy Instrument
Prohibition of goods and services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central government
Implementation Level
national
Timeline of events
Finance Law for the year 2018 (Law No. 17-11) including prohibition of the purchase, sale, use, and possession of virtual currencies under Article 117 entered into force
On 1 January 2018, the Finance Law for the year 2018 (Law No. 17-11) entered into force, explicitly prohibiting the purchase, sale, use, and possession of virtual currencies under Article 117. The law defines virtual currencies as digital assets lac…
SourceEvent type
law
Action type
implementation
Government branch
executive
Government body
central government