Agadir 24 | Agadir24
Financial transactions monitoring agencies place under the microscope of oversight and scrutiny a network specialized in speculation in the virtual currency “Bitcoin,” offering its services to those wishing to invest in this currency.
According to what was reported by “Al-Sabah” newspaper in its issue of Thursday, October 10, 2024, the members of the network have accounts to deal in virtual currencies and possess advanced information devices to complete exchanges with partners in European and Asian countries. They also offer their services to those wishing to speculate in these currencies.
The same newspaper explained that some emerging companies linked to this network were monitored to trade in virtual currency, after its price witnessed a continuous rise in a short time, which enables speculators to achieve important profits.
The daily recorded that a number of businessmen and wealthy people are using this network and others like it, to ensure safe transfers of their savings and without going through the procedures in force in the field of financial flows between Morocco and abroad.
They resort to transferring their savings into the virtual currency “Bitcoin” with the help of the aforementioned networks, which specialize in this type of transactions, even though the exchange office has prohibited dealing in this currency.
The exchange office works in coordination with the Bank of Morocco to detect suspicious exchange operations that pass through banking institutions, especially since members of the network receive amounts in the national currency and convert them to the US dollar, to acquire “Bitcoin” units, and keep them until a noticeable increase in the values of the virtual currency to return it. Sell them and make significant profits.
According to the same source, surveillance agencies are checking exchange operations suspected of belonging to network individuals who trade in virtual currencies and deduct significant commissions from their dealers.
After receiving orders to deal firmly with those involved in this type of currency trading, the Exchange Office established a special internal cell to track and monitor any transactions in it and works in coordination with a number of other relevant departments, such as the Bank of Morocco and the Customs and Indirect Tax Administration.
Some experts believe that the demand for “Bitcoin” is among the factors that caused the decline in bank liquidity, as a number of people have begun to prefer keeping their money with them rather than depositing it in bank accounts, while some wealthy people prefer to speculate in the virtual currency instead of depositing it in accounts. , given what can be achieved by trading this currency.
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