#StablecoinLaw #StablecoinLaw Are stablecoins allowed in Algeria?
No, currently all cryptocurrencies, including stablecoins like USDT and USDC, are legally prohibited in Algeria.
๐ Article 117 of the 2018 Finance Law clearly states:
> "The purchase, sale, or possession of virtual currencies is prohibited"
By "virtual currencies" it means everything including Bitcoin, Ethereum, and Stablecoins.
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โ ๏ธ 2. Why are cryptocurrencies prohibited in Algeria?
Lack of regulation: The central bank cannot monitor or control them.
No, currently all cryptocurrencies, including stablecoins like USDT and USDC, are legally prohibited in Algeria.
๐ Article 117 of the 2018 Finance Law clearly states:
> "The purchase, sale, or possession of virtual currencies is prohibited"
By "virtual currencies" it means everything including Bitcoin, Ethereum, and Stablecoins.
---
โ ๏ธ 2. Why are cryptocurrencies prohibited in Algeria?
Lack of regulation: The central bank cannot monitor or control them.