2 years ago
The Casablanca Court of Appeal upheld the condemnation of 21-year-old French national Thomas Clausi for amerciable usage of cryptocurrency.
A crypto idiosyncratic who purchased a luxury car with Bitcoin (BTC) has faced a condemnation of 18 months successful situation and a $3.7 cardinal good successful Morocco, which inactive considers the usage of crypto arsenic an amerciable act.
A caller study by Euronews has stated that the Casablanca Court of Appeal has upheld the condemnation of Thomas Clausi, a 21-year-old French citizen, connected charges of fraud and amerciable usage of cryptocurrency.
According to Clausi's lawyer, Mohamed Aghanaj, the tribunal confirmed the verdict past week. This determination indicates that the Moroccan judicial strategy is taking a beardown stance against cryptocurrency usage successful the country.
Using BTC to acquisition a Ferrari resulted successful Clausi's apprehension successful 2021, arsenic Moroccan customs deems the usage of cryptocurrency to beryllium an unlawful transportation of funds. Clausi was imprisoned successful December 2021 connected charges of "fraud" and "use of overseas currency for outgo wrong Moroccan borders," with a situation condemnation and a good which was handed down successful October of the aforesaid year.
| Un français a été condamné par la Chambre criminelle du tribunal de Casablanca à une peine de 18 mois de situation assortie d’une amende de 3,4 millions d’euros.
Il a été condamné determination escroquerie et d’usage illégal de crypto-monnaie.
Il a vendu sa Ferrari en échange de pic.twitter.com/ubk3m1p9UJ
The ineligible lawsuit against Clausi began aft a woman, who lived successful Casablanca, accused him of "fraud" aft exchanging the luxury car for a Bitcoin outgo of astir $437,000.
According to Aghanaj, Clausi inactive has a period near to service successful prison.
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Despite its amerciable presumption successful the country, Morocco was hailed arsenic the fig 1 successful BTC trading crossed North Africa successful 2021. According to Triple A, a Singaporean cryptocurrency supplier and aggregator, astir 0.9 cardinal individuals, equivalent to astir 2.4% of Morocco's full population, presently person cryptocurrency.
More than a twelvemonth later, the state has started to finalize a crypto regulatory framework that volition legally specify crypto wrong its marketplace according to its cardinal bank.
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