Algeria Cryptocurrency & Blockchains Laws

Algeria and Cryptocurrency

Algeria Cryptocurrency Laws

Regulation of Digital Currencies: Cryptocurrency, Bitcoins, Blockchain Technology

Cryptocurrencies are currently banned under Algerian law.  The 2018 Financial Law of Algeria has prohibited the use of any cryptocurrencies.  It stipulates:

The purchase, sale, use, and possession of so-called virtual currency are prohibited.  A virtual currency is one used by Internet users over the Internet.  It is characterized by the absence of physical support such as coins, paper money, or payments by check or credit card.

Any violation of this provision is punishable in accordance with the laws and regulations in force.[1]

Is cryptocurrency legal in Algeria?

Do you have questions about Algeria cryptocurrency, digital currencies, or blockchain technology ? Freeman Law can help with digital currencies, tax planning, and tax compliance.   Contact us now orSchedule a consultation or call (214) 984-3410 to discuss your Algeria cryptocurrency and blockchain technology concerns.


[1] Law No. 17-11 of 1917 (Dec. 27, 2017) art. 117, Official Gazette No. 76 of 2017 (Dec. 28, 2017), https://www.joradp.dz/FTP/JO-ARABE/2017/A2017076.pdf (in Arabic), archived athttps://perma.cc/JE65-VFFF (translation by author). French translation of the Law available at https://www.mfdgi.gov.dz/images/pdf/ lois_de_finances/LF2018F.pdf, archived athttps://perma.cc/XP6A-8Q4A.