Morocco Financial News

05.07 / 12:11

UPS Waters Southern BlackBerry Takeover What Robert Costa thinks of $1.6b takeover offer

Costa Group co-founder Robert Costa says he long expected any takeover tilt at Australia’s biggest horticulture company to involve a spin-off of its lucrative berry business.

04.07 / 13:13

Reuters Cooper Action UN Human Right Council to host urgent meeting over Sweden Koran burning incident

Reuters reported. A spokesperson of the global human rights body also informed that it will likely conduct a debate on the issue of the rise of religious hatred later this week. The Koran burning incident in Sweden drew criticism from various quarters.

03.07 / 18:11

Citi Target Racing One death, 3,000 arrests. Why is Paris on the boil?

Mint explains the crisis in France: What triggered this crisis? The immediate trigger was the 27 June-shooting of Marzouk, of Algerian and Moroccan descent. He was shot and killed at a traffic stop by policemen. The officers involved in the incident initially claimed that they shot Nahel in self-defence as he tried to plough his car into them.

02.07 / 16:17

MET Cooper Booking Citizens Sweden government condemns 'Islamophobic' Koran burning: ministry

Koran outside Stockholm's main mosque, calling it an "Islamophobic" act, after an international Islamic body called for measures to avoid future burnings. «The Swedish Government fully understands that the Islamophobic acts committed by individuals at demonstrations in Sweden can be offensive to Muslims,» the foreign ministry said in a statement.

01.07 / 01:21

UPS Citi MET Racing Yellow Southern France deploys 45,000 police, armored vehicles amid riots

Buildings and vehicles have been torched and stores looted, and the violence has plunged President Emmanuel Macron into the gravest crisis of his leadership since the Yellow Vest protests that started in 2018. Unrest has flared nationwide, including in cities such as Marseille, Lyon, Toulouse, Strasbourg and Lille as well as Paris where Nahel M., a 17-year-old of Algerian and Moroccan descent, was shot on Tuesday in the Nanterre suburb. His death, caught on video, has reignited longstanding complaints by poor and racially mixed urban communities of police violence and racism.

20.06 / 00:37

Provident CBDC Digital Citizens CEO IMF IMF Is Working Hard on a Global CBDC Concept, Director Georgieva Said: Bloomberg News

International Monetary Fund Managing Director Kristalina Georgieva said that the agency is “working hard on a concept of global infrastructure” to make sure there is interoperability of settlements between digital currencies that are issued by national central banks, according to Bloomberg News.

19.06 / 18:13

CBDC Adoption AML IMF Cross-border IMF envisions ‘new class’ of cross-border payment platform with single ledger

The International Monetary Fund (IMF) has presented the outlines of a “new class” of cross-border payment system that uses a single ledger to record central bank digital currency (CBDC) transactions, programmability and improved information management.

16.06 / 06:03

business privacy ERC-20 Israeli crypto entrepreneur joins privacy-focused project amid fraud allegations

Moshe Hogeg, an Israeli entrepreneur, has returned to the spotlight of the crypto industry after speaking at a conference in Morocco on ‘alternative internet network’ Tomi.

06.06 / 18:13

Man Citizens Bitcoin Jail Moroccan court upholds jail sentence for French man who bought a car illegally with Bitcoin

Moroccan courts have upheld an 18-month prison sentence handed down to a 21-year-old French citizen for "fraud" and "illegal use of cryptocurrency".

15.05 / 17:09

Ethereum CBDC regulation Europe Bitcoin G7 pushes accelerating global implementation of ‘travel rule’ for crypto assets

The G7 committee recently met in Niigata, Japan, to discuss, among other topics, the global financial implications for central bank digital currencies (CBDCs) and the laws governing the transfer of cryptocurrency assets.

11.05 / 10:47

regulation Bitcoin Prison Fine Time Buying a car with Bitcoin gets $3.7M fine, prison time in Morocco

A crypto user who purchased a luxury car with Bitcoin (BTC) has faced a sentence of 18 months in prison and a $3.7 million fine in Morocco, which still considers the use of crypto as an illegal act.

04.05 / 10:05

BTC Legal Bitcoin Jailed French Crypto ‘Fraudster’ Loses Appeal in Morocco

A French crypto “fraudster” has had his jail sentence upheld in Morocco after a court found him guilty of using Bitcoin (BTC) to buy luxury goods.

12.01 / 21:47

Corruption scandal: EU Parliament chief vows to review laws and trips in search for undue influence

The European Parliament will review undeclared trips from lawmakers and pieces of legislation that might have been unduly influenced as a result of the alleged cash-for-favours scheme that has unleashed a political storm across Brussels and beyond, President Roberta Metsola has said.

03.01 / 13:09

Adoption regulation Africa Framework regulatory Morocco finalized crypto regulatory framework: Central Bank

The Kingdom of Morocco may see its first crypto bill introduced “in the following days.” The document is already written by the Central Bank and will be discussed with the industry stakeholders.

02.01 / 21:51

lawmaker MEP corruption scandal: Parliament moves to lift two lawmaker's immunity

The European Parliament moved to lift the immunity of two MEPs on Monday, amid a major corruption scandal that has sent shockwaves through Brussels.

22.12 / 21:23

Technology Prison hearing Centre MEP at centre of Qatargate scandal held in prison for another month after court hearing

Greek MEP Eva Kaili is to be held in detention for another month, after after a ruling by a court in Belgium.

20.12 / 12:25

European Union Extradition Italian court approves extradition in European Parliament's 'Qatargate' case

A suspect in the major corruption scandal rocking the European Union's parliament could be handed over to Belgium, an Italian court ruled.

18.12 / 15:27

Kyiv World Cup: France and Argentina dreaming of glory in Qatar final

France and Argentina are heading into Sunday's FIFA World Cup Final both dreaming of glory, and winning a third trophy.

15.12 / 19:43

Corruption scandal: MEPs vote to suspend Qatar access to EU Parliament and halt related legislation

Members of the European Parliament voted on Thursday to suspend access to the hemicycle's premises to Qatari representatives as the Gulf country is suspected of having offered "large sums of money" and "substantial gifts" to MEPs and assistants in a bid to influence European decision-making.

15.12 / 16:51

Technology European Parliament corruption scandal: Roberta Metsola promises 'wide-ranging' reforms for new year

The president of the European Parliament has promised a wide-ranging reform package to be ready in the new year to tackle corruption among MEPS, following the scandal over an alleged attempt by Qatar to buy influence.

15.12 / 16:51

Technology dutch Dutch activists sue the king and ask for his powers to be reduced

Dutch activists have brought the country’s king to court in an attempt to prove that his role in the legal system contravenes Europe’s human rights conventions.

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