📛🇩🇿 Algeria bans cryptocurrencies and imposes strict penalties!

The Algerian parliament has approved a new law aimed at combating money laundering and financing terrorism, which includes a clear provision that criminalizes dealing in cryptocurrencies in all forms:

🔒 Totally prohibited:

• Buying or selling cryptocurrencies

• Storing or possessing them

• Promoting them by any means

⚖️ Penalties:

• Maximum of one year in prison

• Or a fine between 20 million and 100 million Algerian centimes

• Or both penalties together

📌 A step that reflects a strict approach towards digital assets in Algeria, and emphasizes the importance of legal awareness before entering the world of digital currencies.

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