Morocco's three financial authorities have put their prohibition in writing, jointly. In a press release published by the Moroccan Capital Market Authority (AMMC) under the title 'Les autorites financieres appellent au strict respect de la reglementation liee a l'utilisation des monnaies virtuelles', Bank Al-Maghrib, the AMMC and the Office des Changes state that they 'interdisent l'usage de tels procedes' — they prohibit the use of virtual currencies such as Bitcoin — and describe the activity as unregulated, highly volatile, offering no consumer protection and open to money laundering and the financing of criminal activity.
A perpetual on PENGU tracks price and does not confer ownership of the underlying — the same contract mechanics apply in every jurisdiction; what differs by country is legal status and funding rails.
The legal status above rules out a trading route for Pudgy Penguins exposure from Morocco.
20% on net capital gains from cryptocurrency sales, taxed as securities income under Morocco's securities taxation regime.
Trading Pudgy Penguins from Morocco: banned.
Regulator for Pudgy Penguins trading in Morocco: Bank Al-Maghrib (central bank), the Autorite Marocaine du Marche des Capitaux (AMMC, capital markets) and the Office des Changes (exchange control) signed the crypto prohibition together.
For Morocco residents trading Pudgy Penguins: 20% on net capital gains from cryptocurrency sales, taxed as securities income under Morocco's securities taxation regime.
For Pudgy Penguins traders in Morocco: Morocco has no specific KYC requirements for crypto platforms.
Perpetual markets for stocks, gold, indices and pre-IPO names — settled on-chain, no wallet-to-exchange transfers.
