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Algeria Enforces Nationwide Ban on Cryptocurrency With Jail Terms and Million-Dinar Fines

Law No. 25-10 empowers authorities to monitor cryptocurrency activity under Algeria’s anti-money laundering framework.

Algeria bans all crypto activity; violators face up to one year in jail and $7,700 fines
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Overview

  • Law No. 25-10 criminalizes the issuance, trading, mining, wallet use and promotion of all crypto assets throughout Algeria.
  • Violators face prison sentences of two months to one year and fines between 200,000 and 1 million Algerian dinars (about $1,540 to $7,700).
  • Enforcement measures include expanded digital and physical monitoring by the Bank of Algeria, the Banking Commission and security agencies.
  • Officials say the ban is intended to strengthen anti-money laundering and counter-terrorism financing safeguards by eliminating unregulated crypto channels.
  • Analysts warn the crackdown is likely to drive traders underground, increasing VPN use and operational risks in black-market crypto activity.