Bitcoin Daily: Morocco leads North Africa in trade

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Cryptocurrency provider and aggregator Triple A claims that nearly one million people, or roughly 2.4% of Morocco’s population, currently own cryptocurrency, according to a Cointelegraph report on Tuesday January 11.

The data shows that Morocco is the number one country in North Africa in terms of crypto trading, and also in the top 50 of cryptocurrency population percentage holders, ahead of Portugal.

That said, there have been no changes in crypto laws for years – according to the Moroccan Foreign Exchange Office, it will not support a hidden payment system “which is not supported by any institution. financial “.

The country has banned crypto and bitcoin trading since 2017, but that hasn’t stopped adoption as Moroccan crypto enthusiasts have broken the rules.

The report says the Egyptian pound has gained over the Moroccan dirham for bitcoin trading, with Egypt within $ 20,000 of catching up with Morocco as of the report date.

Egypt still does not allow crypto trading. However, if even part of the population engages in this activity, it could displace the needle.

In Morocco, Harmattan Energy is preparing to build one of the largest African wind farms, with a 900 MW giant installed in Dakla in the Saharan region, to power blockchain computing.

Binance, the world’s largest crypto exchange, pulled out of Singapore’s Binance Asia Services subsidiary in December. There will be no more deposits or new customers taken, and customers will have until February 22 to deactivate their accounts.

See also: Leaving Singapore, Besieged Binance Withdraws Again

Binance Singapore was working under a temporary exemption while applying for a license. Now he has asked for the license to be withdrawn.

CEO Changpeng Zhao said on Twitter that the company “made a significant investment in the regulated HGX exchange last week. This investment made our own application somewhat redundant.

Binance, until recently, viewed Singapore as a location for a global headquarters, which it never really got to claim. Zhao previously said it was not necessary, but on August 20 of last year that changed and the company wanted to comply more with the regulations.

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