Algeria has implemented one of the world's most comprehensive cryptocurrency bans through Law No. 25-10, effective July 24, 2025. The legislation criminalizes all digital asset activities including issuance, possession, purchase, sale, storage, mining, promotion, and use of cryptocurrencies. It also prohibits services facilitating such activities like crypto wallets and exchanges.
Violators face severe penalties: imprisonment from two months to one year and fines between 200,000-1,000,000 Algerian dinars (approx. $1,540-$7,700 USD). The law uniquely targets not only active participants but also passive holders and promoters—including influencers and advertisers—setting a new global benchmark for crypto restrictions.
Authorities justify the ban as necessary to combat money laundering, terrorist financing, fraud, and tax evasion while protecting consumers from crypto volatility. This contrasts sharply with regional neighbors like UAE and Bahrain that embrace regulated markets. Algeria's move is particularly significant given its position as one of MENA's top five fastest-growing crypto markets in 2024 (per Chainalysis), driven largely by peer-to-peer trading and remittances.
Critics warn the ban may push activities underground, stifle blockchain innovation, and trigger brain drain. The legislation offers no transition period or licensing alternatives, cementing Algeria alongside China in the small group of nations enforcing total crypto prohibitions.