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Algeria has enacted one of the strictest cryptocurrency bans in Africa, criminalizing all crypto-related activities. The new law imposes severe penalties, including prison time and hefty fines, citing risks to financial stability and national security.
- Algeria's new law imposes prison sentences (2 months to 1 year) and fines ($1,540–$7,700) for crypto-related activities.
- The ban targets crypto transactions, mining, exchanges, wallet services, and promotional activities.
- Algeria joins China in enforcing outright crypto bans, diverging from global regulatory trends.
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