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Algeria Completely Bans Cryptocurrency-Related Activities

By: theblockbeats.news|2025/07/29 16:03:43

BlockBeats News, July 29th. According to Crypto Briefing, on July 24th, Algeria officially promulgated Law No. 25-10, which comprehensively prohibits cryptocurrency-related activities. The law prohibits the issuance, buying, selling, holding, using, and promotion of crypto assets, and also categorizes cryptocurrency mining, digital wallet usage, and exchange operation as illegal activities. Violators will face imprisonment ranging from 2 months to 1 year, as well as fines ranging from 200,000 to 1,000,000 Algerian dinars (approximately $1,540 to $7,700). If linked to organized crime networks or financial crime activities, the punishment will be further intensified.

Trader AguilaTrades partially liquidated their long position to 1000 BTC, worth $117.65 million

Conflux Network has announced that it is collaborating with partners to jointly explore the innovative application of stablecoins in Belt and Road Initiative countries.