Nevertheless,
Up year prison have bitcoin:
This text. Similarly, officially intended to strengthen the fight against money laundering and the financing of terrorism, requalifies cryptocurrencies like “goods, income, funds or financial assets “. For example, And their use falls directly under criminal law. Furthermore, Concretely. In addition, an Algerian who sells or buys Bitcoin, or any other digital token, risks up to a year in prison and a fine between 200,000 and 1,000,000 dinars (around 1,330 to 6,600 euros).
Bitcoin broke a record. Therefore, and a country has the equivalent of a quarter of its GDP in crypto
A hardening in the continuity of a ban already formulated in 2018 in the country, but without clear legal basis or explicit sanction. Furthermore, This time, the message is clear: Algeria does not want cryptos on its territory.
Counter-current – Up year prison have bitcoin
The Algerian approach surprises, up year prison have bitcoin especially in 2025. Similarly, Why? Because the planetary trend is rather at the opening. at least to regulation, as in Europe and the United States. Since the return to the White House of Donald Trump. a fervent defender of cryptocurrencies, the United States has revised their approach, leading to several countries in their wake. Even long resistant states. such as Pakistan or Vietnam, have started a turn, working on the development of regulatory frameworks to supervise these new assets.
Algeria’s decision is therefore an exception. Globally, only a handful of states go so far. Egypt, Bolivia, Afghanistan, Bangladesh and Iraq continue to criminalize the detention of cryptocurrencies, according to the specialized site Coin Dance.
What is Euronext’s position on cryptocurrencies? “It is a situation where it is better to be late than to be mistaken”
Others. more numerous, opt for strict control without total ban. This is up year prison have bitcoin particularly the case for China, Morocco or Nepal. These countries restrict access to cryptos. for example by prohibiting certain platforms or by heavily framing mining, but does not criminalize the average user.
Economic and political reasons
Why such severity in Algeria? Behind the official justifications (laundering, financing of terrorism) would also hide a political will to keep monetary and financial control. The cryptocurrencies, by their decentralized and difficult to traceable nature, escape the radars of the state. They therefore offer an exit door to the conventional banking system, but also to the supervision of the authorities.
By criminalizing their use. the government intends to close the door to any local development in the crypto sector, but also to its technological innovation potential. A radical choice. visibly assumed, which aims to preserve monetary sovereignty, even if it means staying away from a more nuanced regulation movement.
up year prison have bitcoin
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