โป๏ธ Algeria Bans Cryptocurrency Sparking Blockchain Talent Exodus..๐ฅ๐ฅ๐ฅ
๐ July 28, 2025
Algeria Bans Cryptocurrency Sparking Blockchain Talent Exodus
๐ In a decisive move on 24 July, Algeriaโs parliament approved sweeping amendments that effectively outlaw all cryptocurrency activities within its borders.
โ Algeriaโs Crypto Prohibition: Scope and Penalties :
๐ The updated legal code extends criminal liability across all facets of the crypto ecosystem:
๐ป Illicit use or ownership of any digital asset.
Operation of platforms such as centralised or decentralised exchanges.
๐ท Provision of wallet or custody services.
Mining or staking activities that validate blockchain transactions.
๐ฅ Advertising, promoting or educating the public about cryptocurrencies.
โ Failure to comply can lead to:
๐ฅ Prison sentences from two months to one year.
Fines of 200,000 to 1 million Algerian dinars (approximately ยฃ1,200 to ยฃ6,000).
๐ฅ Combined penalties in aggravating circumstances, such as repeat offences or large-scale operations.
โ Regional and Global Comparisons :
๐ South Africa and Nigeria have introduced sandbox programmes to pilot regulated crypto services.
๐ Kenya is developing a central bank digital currency (CBDC) and inviting talent to build payment rails.
๐ The European Unionโs Markets in Crypto-Assets (MiCA) regulation sets uniform standards for custody, trading and stablecoin issuance.
๐ The United States is debating spot Bitcoin ETFs and clarifying securities status of tokens.
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