Algeria Cryptocurrency Policy: Can You Still Purchase Digital Assets in This Country?

Latest Ban Regulations

The Algerian government has recently implemented a comprehensive ban covering all activities related to cryptocurrencies. According to this policy, residents and institutions are explicitly prohibited from engaging in any operations related to virtual currencies.

Specifically, the following actions are considered violations: buying, selling, and trading digital assets such as Bitcoin; holding or mining any form of virtual currency; establishing and operating crypto trading platforms; using digital currencies for payments or investment activities.

National Stance and International Context

This move places Algeria among the few countries worldwide that adopt a zero-tolerance approach toward the crypto industry. In contrast, many countries choose to regulate rather than ban, but the Algerian government has explicitly stated its intention to fundamentally restrict the development of digital finance within the country.

Such aggressive policies reflect deep concerns about the risks associated with virtual assets, including financial stability threats, regulatory challenges, and money laundering risks.

Impact on the Local Market

Under this policy framework, ordinary investors, miners, and crypto trading service providers face strict compliance requirements, and violations may lead to legal consequences. This means that legitimate cryptocurrency activities are essentially impossible to carry out in Algeria.