Algeria Passes a Nationwide Ban on Owning, Trading, and Mining Cryptocurrency

• Algeria criminalizes all crypto activities under Law No. 25-10 enacted on July 24
• Offenders face up to one year in prison and fines of up to 1 million Algerian dinars
• Law aligns with FATF standards to fight tax evasion, fraud, and terrorism financing

Algeria has passed a nationwide ban on all cryptocurrency-related activities, including ownership, trading, mining, and promotion. The new policy, formalized through Law No. 25-10 and passed on July 24, marks a major and severe shift in the country’s approach to digital assets. 

The new law imposes criminal penalties on any individuals or entities involved in issuing, using, or promoting crypto assets such as Bitcoin and Tether.

What the new Algerian crypto law prohibits

Under the updated legislation, any form of cryptocurrency activity is now classified as a punishable offense. This includes the buying, selling, and owning of crypto assets, as well as the operation of crypto exchanges, mining farms, and digital wallet services. Promoting or advertising any crypto-related product is also now illegal.

Related: ​​Nigeria Freezes $716K in Crypto, Blames Platforms for Naira Devaluation

The law broadly…

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