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.