On July 24, 2025, Algeria enacted Bill No. 25-10, instituting a complete ban on all cryptocurrency activities, impacting both local and international financial markets.
Complete Ban on Cryptocurrency in Algeria
Bill No. 25-10, signed by President Abdelmadjid Tebboune, prohibits holding, trading, mining, and promoting cryptocurrencies. This law aims to eradicate grey financial areas and align with international anti-money laundering standards.
Impact on Local Crypto Markets
The ban on cryptocurrency activities may deter local crypto engagements but could also encourage indirect participation through decentralized platforms. Historically, Algerians continued to engage in P2P trading even amid restrictions, a trend that may persist.
Global Trends and User Reactions
The cryptocurrency ban in Algeria underscores global monetary control trends, mirroring measures taken in countries like China. These decisive steps reflect a tightening of financial regulations on the international stage.
The enactment of the law in Algeria highlights the growing efforts to control digital assets and combat financial crimes globally. The implications of such decisions will be felt both within the country's economy and on the international stage.
