♻️ Algeria Bans Cryptocurrency Sparking Blockchain Talent Exodus..🔥🔥🔥
🍁 July 28, 2025
Algeria Bans Cryptocurrency Sparking Blockchain Talent Exodus
🍁 In a decisive move on 24 July, Algeria’s parliament approved sweeping amendments that effectively outlaw all cryptocurrency activities within its borders.
✅ Algeria’s Crypto Prohibition: Scope and Penalties :
👉 The updated legal code extends criminal liability across all facets of the crypto ecosystem:
🌻 Illicit use or ownership of any digital asset.
Operation of platforms such as centralised or decentralised exchanges.
🌷 Provision of wallet or custody services.
Mining or staking activities that validate blockchain transactions.
🥀 Advertising, promoting or educating the public about cryptocurrencies.
✅ Failure to comply can lead to:
💥 Prison sentences from two months to one year.
Fines of 200,000 to 1 million Algerian dinars (approximately £1,200 to £6,000).
💥 Combined penalties in aggravating circumstances, such as repeat offences or large-scale operations.
✅ Regional and Global Comparisons :
🚀 South Africa and Nigeria have introduced sandbox programmes to pilot regulated crypto services.
🚀 Kenya is developing a central bank digital currency (CBDC) and inviting talent to build payment rails.
🚀 The European Union’s Markets in Crypto-Assets (MiCA) regulation sets uniform standards for custody, trading and stablecoin issuance.
🚀 The United States is debating spot Bitcoin ETFs and clarifying securities status of tokens.
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