Algeria bans cryptocurrencies: Can you buy Bitcoin and other digital assets?

The Algerian government recently issued a comprehensive cryptocurrency regulatory policy, which has had a significant impact on the country’s digital asset market. According to the latest regulations, all crypto-related financial activities have been banned, meaning local residents face strict legal restrictions.

What are the specific prohibitions?

Under Algeria’s newly issued policy, the following activities are explicitly prohibited:

Buying, selling, or trading Bitcoin and other digital assets are considered illegal. Residents are not allowed to buy or sell cryptocurrencies through any channels.

Holding or mining virtual currencies is also prohibited. This means that even individual mining or holding digital assets will face legal consequences.

Operating any form of cryptocurrency exchange is banned, preventing the establishment of legitimate local trading platforms.

Using cryptocurrencies for payments, settlements, or investments is explicitly forbidden, completely cutting off the application of digital assets in daily economic life.

Global policy comparison background

This policy makes Algeria one of the few countries worldwide to implement a comprehensive ban on crypto activities. In contrast, many countries adopt more moderate regulatory approaches, allowing compliant trading within certain frameworks. Algeria’s approach reflects its government’s conservative attitude towards digital finance and its determination to prevent financial risks.

Practical impact on users

This ban means that crypto enthusiasts and investors in Algeria must cease all related activities. Both novice users and experienced traders face strict legal constraints. For local residents wanting to access mainstream crypto assets like Bitcoin, there are no legal channels available.

The implementation of this policy marks Algeria’s adoption of the strictest regulatory stance in the digital asset field.