USDT to MAD today: live P2P rate in Morocco

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P2P in Morocco: what the rules say

Morocco's prohibition goes back to November 2017. In a statement dated 20 November that year, the Office des Changes, which administers exchange controls, said that transactions carried out via virtual currencies infringe the foreign exchange regulations and are liable to the penalties and fines in force. As Telquel reported it, the statement also reminded residents that financial dealings with other countries must pass through approved intermediaries, in foreign currencies quoted by Bank Al-Maghrib. The authorities still apply that reading: in May 2026 Unlock, citing Le360, reported that the Office des Changes had written to residents it identified as holding crypto offshore and selling it between March and August 2025, giving them 30 days to explain before formal proceedings.

A licensing law is drafted but not in force. Bill No. 42.25, published in November 2025 and prepared by the Ministry of Economy and Finance with Bank Al-Maghrib and the market regulator AMMC, would class crypto-assets as a distinct category of financial asset, not a means of payment, and allow exchange only through licensed providers. Morocco World News reported on 22 July 2026 that Bank Al-Maghrib's annual banking supervision report described the bill as still under review, with no date for its submission to Parliament.

How people pay: Attijariwafa Bank, CIH Bank, Bank of Africa, Poste Maroc

• Bank transfers dominate Moroccan ads, led by Attijariwafa, CIH and Bank of Africa. Bank Al-Maghrib's report on 2025 payment flows, as summarised by Hespress, sets the ceiling for one interbank instant transfer at 20,000 dirhams and explains the large share of transfers made inside a single bank partly by the fact that those are free. For bigger orders, a seller who banks where you do is the simplest match.
• Poste Maroc is the postal group behind Al Barid Bank, the public bank created in 2010 when Barid Al-Maghrib turned its postal financial services into a bank. It distributes through the post-office network, which gives it reach in rural and peri-urban areas.
• Cash Plus, Société Générale and Crédit du Maroc appear in fewer ads; their counts are in the chips above.

Tax and reporting

Morocco has set no tax rules for crypto gains. Hespress described Bill 42.25 as filling a legal vacuum that had left the sector outside any official framework for years, and until that framework exists the financial consequence authorities have actually used is the exchange-control regime, as the 2025 notices show.

What to watch

Once enacted, Bill 42.25 would hand token offerings and the licensing of crypto service providers to the AMMC, with Bank Al-Maghrib supervising stablecoins pegged to an official currency. USDT would fall in that second group, so Bank Al-Maghrib's annual reports are the place to follow the bill.

Sources

• Telquel — L'Office des changes interdit l'utilisation du Bitcoin (21 November 2017) (accessed 2026-10-27)
• Unlock — Morocco's Exchange Office Targets Crypto Held Abroad Ahead of Regulatory Shift (6 May 2026) (accessed 2026-10-27)
• Hespress — Actifs numériques : ce que prévoit le projet de loi 42.25 (9 November 2025) (accessed 2026-10-27)
• Morocco World News — BAM Confirms Progress on Crypto Law (22 July 2026) (accessed 2026-10-27)
• Hespress — Paiements numériques : le virement instantané grimpe de 78 % (24 October 2026) (accessed 2026-10-27)
• Wikipédia — Al Barid Bank (accessed 2026-10-27)

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