Spread the loveRabat – Despite the fact that cryptocurrencies were banned in Morocco in 2017, Bitcoin has been experiencing an all-time trading high in the country this year. According to LocalBitcoin, a peer-to-peer Bitcoin trading platform, February 2021 was the platform’s “best month ever” in Morocco. LocalBitcoins Chief Marketing Officer Jukka Blomberg, speaking to CoinDesk, said that approximately $900,000 (MAD 8,085,375) worth of Bitcoin was traded through the platform in Morocco in February. The open-source cryptocurrency reached an all-time high on February 16, marking the first time a cryptocurrency has exceeded $50,000 (446,000 MAD) value. The data ranks Morocco 36th in the world by Bitcoin trading activity and the top trader in North Africa.

Source: The North Africa Journal March 23, 2021 16:26 UTC