Algeria Maintains Strict Ban on Cryptocurrency Amidst Global Digital Trends

Algeria has imposed a stringent ban on cryptocurrencies, rendering all activities involving digital currencies illegal. The 2018 Financial Law explicitly prohibits the use, holding, purchase, and sale of any virtual currencies, including Bitcoin. This legislation was enacted to safeguard the national economy and prevent potential financial crimes associated with unregulated digital assets.

The Algerian government's stance is rooted in concerns over monetary sovereignty and the potential for cryptocurrencies to facilitate illicit activities. By banning digital currencies, authorities aim to maintain control over the financial system and prevent capital flight. This approach aligns with Algeria's broader economic policies that emphasize strict regulation of financial transactions.

The 2018 Financial Law of Algeria prohibits the use of any cryptocurrencies as well as the purchase, sale, use, and possession of virtual currencies (1).

Despite the ban, there is a growing interest in cryptocurrencies among Algerian youth and tech-savvy individuals. This underground demand poses challenges for enforcement and raises questions about the future of digital assets in the country. While some nations are exploring regulatory frameworks to integrate cryptocurrencies into their economies, Algeria remains steadfast in its prohibition, reflecting a cautious approach to the rapidly evolving digital financial landscape.

Source:
(1) Freeman Law
(2) Law Library of Congress

Last updated: 08-05-2025 Disclaimer: This article does not provide legal advice. If you need legal advice, please contact an attorney directly.