Morocco Crypto Tax Guide

the Morocco crypto taxation for 2026. The guide covers: crypto not regulated — Bank Al-Maghrib (the central bank) has issued the repeated warnings against the crypto trading; no specific tax rules — the DGI (the Direction Générale des Impôts) has not issued the specific guidance on the crypto taxation; potential IIT 0-38% on the crypto gains if the trading is classified as the business activity; CBDC exploration — the Bank Al-Maghrib is exploring the central bank digital currency (the e-Dirham) but no crypto law is in place; mining — not addressed in the current tax framework.

Crypto Not Regulated — Bank Al-Maghrib Warnings

No regulatory framework: The crypto assets are NOT regulated in Morocco. The Bank Al-Maghrib (the Central Bank of Morocco) has issued the multiple public warnings (the "avertissements") since 2017, cautioning the public against the risks of the crypto trading — the volatility, the lack of the consumer protection, and the potential use for the illicit activities.
No licensing regime: There is no licensing regime for the crypto exchanges or the crypto service providers in Morocco. The crypto exchanges are not permitted to operate the regulated platforms within the country.
De facto use: Despite the regulatory uncertainty, the Moroccan citizens and the residents use the foreign crypto exchanges (the Binance, the Coinbase, the Kraken) through the online access. The DGI has not taken the active enforcement measures against the individual crypto traders.

No Specific Crypto Tax Rules

Tax guidance gap: The DGI (the Direction Générale des Impôts — the General Directorate of Taxes) has NOT issued the specific tax guidelines or the administrative rulings on the crypto asset taxation. The tax treatment of the crypto gains is uncertain and subject to the interpretation of the general tax rules.
Uncertainty factors: The key unanswered questions include: (a) whether the crypto gains are the taxable income or the capital gains, (b) whether the crypto-to-crypto trades are the taxable events, (c) whether the crypto losses may be offset against the other income, (d) whether the staking and the DeFi income are subject to the IR or the IS.

Potential IIT 0-38% (If Trading as Business)

Potential classification — business income: If the DGI classifies the crypto trading as the "professional activity" (the "activité professionnelle" — the "professional activity"), the gains would be subject to the Impôt sur le Revenu (IR) at the progressive rates of 0-38%. The IR brackets for 2026: (a) 0 to MAD 30,000 — 0%, (b) MAD 30,001 to MAD 50,000 — 10%, (c) MAD 50,001 to MAD 60,000 — 20%, (d) MAD 60,001 to MAD 80,000 — 30%, (e) MAD 80,001 to MAD 120,000 — 34%, (f) MAD 120,001 to MAD 180,000 — 38%, (g) above MAD 180,000 — 38% (the marginal rate).
Capital gains alternative: If the crypto gains are classified as the occasional capital gains (the "plus-values de cession à titre occasionnel"), the gains may be subject to the flat rate of 20% (or included in the general IR). The DGI has not confirmed the treatment.
Tax reporting: In the absence of the specific rules, the taxpayers engaging in the crypto trading at the significant volume should report the gains in the annual income tax return (the "déclaration annuelle de l'IR") under the "autres revenus" (the "other income") category.

2026: CBDC Exploration, No Crypto Law

CBDC — e-Dirham: The Bank Al-Maghrib is actively exploring the central bank digital currency (CBDC) — the e-Dirham. The CBDC project is in the research and the feasibility phase. The e-Dirham would be the digital version of the Moroccan dirham issued and backed by the central bank.
No crypto law: As of 2026, the Moroccan Parliament has not enacted the comprehensive crypto law. The regulatory framework remains limited to the Bank Al-Maghrib warnings and the general financial regulations.
Potential regulatory evolution: The international pressure (the FATF recommendations, the EU MiCA regulation) and the domestic financial inclusion goals may drive the future regulatory developments. The DGI and the Bank Al-Maghrib may issue the joint guidance on the crypto taxation and the licensing in the coming years.

Mining — Not Addressed

Mining treatment: The crypto mining is NOT specifically addressed in the Morocco tax or the regulatory framework. The mining activities are not prohibited but operate in the legal vacuum.
Potential tax treatment: If the DGI were to classify the mining income, the likely treatment would be: (a) the mining revenue as the "bénéfices professionnels" (the "professional profits") subject to the IR or the IS, (b) the mining expenses (the equipment, the electricity, the rent) deductible against the mining revenue, (c) the import duties and the TVA on the mining equipment imports.