Morocco: Central Bank adopted order establishing Digital Currency Committee

On 1 February 2021, the Central Bank adopted an order establishing the Digital Currency Committee. The committee is responsible for reviewing matters related to the Central Bank’s Digital Currency (CBDC) and other digital assets, providing strategic guidance on these issues. It identifies the benefits and risks of these assets for the national economy, assesses their impact on monetary policy, financial stability, and consumer protection, and contributes to the legal framework surrounding them. The committee also examines technological and cybersecurity aspects and proposes relevant CBDC experiments. Additionally, it monitors digital asset projects potentially offered to the public.