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Algeria has expanded its 2018 Financial Law to impose a comprehensive ban on all cryptocurrency activities, including trading, ownership, and mining. The move contradicts the global trend toward crypto liberalization, with experts warning that blanket bans are difficult to enforce. Violations could result in fines or jail time, with stricter penalties for financial crimes.
- Algeria's expanded crypto ban includes trading, ownership, mining, and promotion, with penalties of up to 12 months in jail or fines up to 1 million dinars (~$7,700).
- Despite the 2018 ban, Algeria's crypto market has grown significantly, ranking 6th in the MENA region by transaction volume.
- Experts warn that blanket bans push crypto activity underground, complicating law enforcement efforts, and recommend regulated frameworks instead.
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