29.07.2025 13:58

Algerian authorities have significantly escalated their crackdown on cryptocurrencies, enacting new legislation that effectively criminalizes almost all crypto-related activities. This sweeping ban, part of an updated anti-money laundering law, introduces severe penalties including substantial fines and imprisonment for individuals involved in any aspect of the cryptocurrency market.

The amended legislation, published in the Official Journal on July 24th, represents a complete reversal of any previous tolerance towards cryptocurrencies. Instead of regulation, Algeria has opted for outright prohibition, a move described by Algerie360 as a decisive rejection of all virtual currency usage within the country. This firm stance leaves no room for alternative interpretations or future legal challenges.

The updated law explicitly prohibits a wide range of activities, encompassing the creation, purchase, sale, possession, and use of cryptocurrencies as payment or investment vehicles. Furthermore, promoting or advertising cryptocurrencies in any form is now strictly illegal. This comprehensive ban even extends to the operation of cryptocurrency exchanges and wallet services.

Consequently, simply owning cryptocurrencies, whether decentralized assets like Bitcoin or stablecoins such as those offered by Tether, is now considered a criminal offense in Algeria. This far-reaching measure reflects the government's determination to eliminate what it views as an opaque, volatile, and unregulated sector, thereby tightening its control over the financial landscape. The Algerian government's motives appear rooted in a desire to maintain stringent control over its financial system.