Algeria Declares War on Crypto: New Law Criminalizes All Digital Currency Activities
In a decisive move against digital assets, Algeria has enacted Law No. 25-10, officially banning all activities related to cryptocurrencies. This sweeping legislation criminalizes the use, trade, storage, and even promotion of digital currencies like Bitcoin and Tether, reinforcing Algeria’s hardline stance on financial security and capital control.
Crypto Equals Crime: Full Scope of the Ban
The new law, published in Official Bulletin No. 48, expands the country’s existing legislation to target not just cryptocurrency transactions, but the very infrastructure that supports it. Under Article 6, the following are now criminal offenses:
- Issuing or advertising any crypto asset
- Buying, selling, or holding digital currencies
- Operating or maintaining crypto wallets and trading platforms
- Mining digital currencies using computing hardware
This means even home mining setups or trading via VPNs on platforms like Binance or OKX are considered crimes under Algerian law. The crackdown is not limited to usage but extends to infrastructure development and distribution—making Algeria one of the most restrictive countries regarding crypto.
Severe Penalties for Violators
Violating Law 25-10 now carries serious consequences. Article 31 outlines punishments that include:
- Imprisonment ranging from two months to one year
- Fines between 200,000 and 1,000,000 Algerian dinars (approximately $1,500 to $7,000)
- In more severe cases, both penalties may apply simultaneously
If any cryptocurrency activity is linked to organized financial schemes or terrorist operations, enhanced penalties will be imposed. Authorities are taking no chances with the anonymity and volatility associated with digital assets, which they believe could destabilize the financial system.
Why Algeria Is Cracking Down Now
Local media, such as Fibaldi, report that the law is a preventive measure designed to shield Algeria’s economy from crypto-related risks. According to lawmakers, cryptocurrencies often facilitate money laundering, illicit transactions, and illegal capital movement—issues Algeria is trying to curb amid growing concerns about financial sovereignty.
The law also updates the existing Law No. 05-01 on Anti-Money Laundering and Terrorist Financing, bringing Algeria in line with international financial security standards, particularly those promoted by the Financial Action Task Force (FATF).
Implications for Algerians and the Crypto Community
This move is expected to significantly impact Algeria’s youth and tech-savvy population, many of whom were quietly involved in mining or trading crypto via VPNs. The new ban effectively cuts off access to alternative financial tools in a country where traditional banking services remain limited for many.
Meanwhile, Algerian authorities have committed to increasing surveillance and enforcement in collaboration with the Bank of Algeria, the Banking Supervision Commission, and judicial bodies.
A Global Trend or Local Exception?
Algeria now joins countries like Kuwait and Venezuela, which have also imposed strict bans on cryptocurrency. In contrast, Bolivia’s recent decision to allow crypto transactions by banks highlights the global divide on digital currency regulation.
Conclusion: Algeria’s Hard Stance Signals a New Era of Crypto Regulation
Algeria’s new crypto law is not just a ban—it’s a declaration of intent. By criminalizing every facet of the cryptocurrency ecosystem, the country aims to regain control over its financial system and deter activities deemed risky or opaque. While some view this as a draconian overreach, others see it as a necessary safeguard in an era of rapid financial digitization. As nations continue to diverge on crypto policy, Algeria has made its position unmistakably clear.
