The post Jail Time, Fines Up to $7,700 for Users and Miners appeared on BitcoinEthereumNews.com.

Key Takeaways: Total crypto ban enforced in Algeria: New law criminalizes all crypto-related activities including trading, mining, wallet use, and promotion. Severe penalties introduced: Offenders face 2 months to 1 year in jail and fines of up to 1 million dinars (~$7,700). Enforcement measures intensify: Authorities to crack down on VPN users and black-market mining operations. Algeria has been among the most hardline anti cryptocurrencies countries in the world. Now, with a creeping law which has been enacted on July 24, 2025, the nation has eliminated any chance of crypto ownership, trade or usage legally. This is what crypto investors should learn and what makes this move be so shocking to the whole industry. Algeria Officially Criminalizes All Crypto Activities According to the newly stated Law No. 25-10, Algeria has moved towards full criminalization of the issuance, purchase, sale, possession, utilizing, and promotion of crypto-assets like Bitcoin, Ethereum, Tether, and more. This includes: Operating or accessing digital wallets Running or using centralized or decentralized exchanges Mining cryptocurrencies Promoting crypto-related platforms or projects It is also against the law to create, host, or operate trading avenues locally or through the use of the internet. More importantly, crypto-assets are now placed within the framework of financial property and, as such, the entire sphere of activity is subject to the jurisdiction of the anti-money laundering and counter-terrorist financing (AML/CFT) regime in the country. Read More: Russia Considers Extended Ban on Cryptocurrency Mining in Irkutsk Region Mining and Digital Wallets Are Also Targeted Mining, once a growing underground industry in Algeria’s energy-rich southern regions, is now fully outlawed. The government cites the exploitation of low electricity prices, illegal hardware imports, and untraceable income flows as justification. The ban covers: Individual and industrial-scale mining operations Import, sale, or possession of mining equipment Any form of…

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Filed under: News - @ July 30, 2025 3:32 pm