Scholarlink

This study investigates the feasibility of adapting the European Union’s Markets in Crypto-Assets Regulation (MiCA) and its complementary frameworks—exemplified by France’s PACTE law—to the banking institutions of the MENA region. By employing a mixed-methods research design that combines an extensive literature review, in-depth expert interviews, and a comprehensive Likert-scale survey administered to European and MENA stakeholders, this study identifies key components necessary for an effective regulatory model. The research emphasizes the importance of harmonized legislation aligned with EU standards, the establishment of a specialized regulatory body, and the formulation of clear licensing protocols. In addition, significant challenges—such as technological integration, infrastructural deficits, and the need for enhanced financial literacy—are discussed. A detailed action plan, exemplified by a strategic roadmap for Bank Al-Maghrib, is proposed to illustrate how Morocco can emerge as a leader in regional digital finance while ensuring robust financial stability.

错误：搜索内容不能为空，请输入英文关键词
错误：关键词超出字数限制，请精简
高级检索

Regulatory Initiatives on Cryptocurrencies: Adapting the EU's MiCA Framework to the MENA Region's Banking Institutions

  • 会议论文

  • 发表日期：

    2026年

查看全文
  • Benlemlih Youssef,
  • Pr. El Hiri Abderrazak,
  • Pr. Amina Haoudi,
  • El Aouad Haroun

摘要

This study investigates the feasibility of adapting the European Union’s Markets in Crypto-Assets Regulation (MiCA) and its complementary frameworks—exemplified by France’s PACTE law—to the banking institutions of the MENA region. By employing a mixed-methods research design that combines an extensive literature review, in-depth expert interviews, and a comprehensive Likert-scale survey administered to European and MENA stakeholders, this study identifies key components necessary for an effective regulatory model. The research emphasizes the importance of harmonized legislation aligned with EU standards, the establishment of a specialized regulatory body, and the formulation of clear licensing protocols. In addition, significant challenges—such as technological integration, infrastructural deficits, and the need for enhanced financial literacy—are discussed. A detailed action plan, exemplified by a strategic roadmap for Bank Al-Maghrib, is proposed to illustrate how Morocco can emerge as a leader in regional digital finance while ensuring robust financial stability.