Algeria approved a new law that criminalizes any form of use, exchange, or mining of cryptocurrencies. Reportedly, the measure aims to protect the national financial system and strengthen defenses against money laundering and the financing of terrorism.

The measure, which has been in the works for a long time, marks a shift in Algeria's stance on digital assets, moving from previous cautious messages to a formal ban and the explicit criminalization of all activities related to cryptocurrencies within its borders.