Morocco Regulators Warn of Penalties if Cryptocurrency Used

[troll]

Morocco's foreign exchange authority says that transactions made using cryptocurrencies within Morocco constitute an "infringement of the exchange regulations" that are punishable by penalties set out in current laws, a translated press release said.

The office also urges the general public to comply with the provisions of the foreign exchange regulations, which stipulate that international financial transactions must be carried out through authorized intermediaries and only with the foreign currencies listed by the Bank Al-Maghrib, the North African country's central bank.

The office warns:

    "This is a hidden payment system that is not backed by an organization, the use of virtual currencies entails significant risks for their users."

http://www.oc.gov.ma/portal/sites/default/files/actualites/communiqu%C3%A9%20monnaies%20virtuelles.pdf

[Delilonia]

Well I believe they are just warming up, what they will still approve of