"Pity him, there's no reason to go to jail just because he paid using BTC."
Still outlawing the use of cryptocurrencies, the country of Morocco (Morocco) imposed a $3.7 million fine and 18 months in prison on a user of the digital asset who bought a luxury car with Bitcoin (BTC).
Explained in more detail, the Casablanca Court of Appeal has indicted a 21-year-old French citizen named Thomas Clausi for fraud and illegal use of crypto.
According to Mohamed Aghanaj, Clausi's lawyer, the court's decision shows that the Moroccan judicial system takes a firm stance against the use of crypto in Morocco.
This is because Clausi, who used BTC to buy a Ferrari, was arrested in October 2021 after Moroccan customs deemed the use of crypto to be an illegal transfer of funds.
For context, the legal case against Clausi was sparked when a woman living in Casablanca accused him of being a fraud after paying $437,000 in BTC to buy the luxury car.
In addition to around 900,000 individuals from the population of Morocco owning crypto, the country has been hailed as number one in BTC trading across North Africa in 2021, comments Singapore-based digital asset provider Triple A.
A year later after Clausi's arrest in 2021, Morocco began implementing a crypto regulatory framework to define digital assets as legitimate.
