Buying a car with Bitcoin gets $3.7M fine, prison time in Morocco
The Casablanca Court of Appeal upheld the conviction of 21-year-old French citizen Thomas Clausi for illegal use of cryptocurrency. A crypto user who purchased a luxury car with Bitcoin (BTC) faces 18 months in prison and a $3.7 million fine in Morocco, which still considers the use of crypto as an illegal act. A recent report by Euronews stated the Casablanca Court of Appeal had upheld the conviction of Thomas Clausi, a 21-year-old French citizen, on charges of fraud and illegal use of cryptocurrency. According to Clausi’s lawyer, Mohamed Aghanaj, the court confirmed the verdict last week. This decision indicates that the Moroccan judicial system is taking a strong stance against cryptocurrency use in the country. Using BTC to purchase a Ferrari resulted in Clausi’s arrest in 2021, as Moroccan customs deemed the use of cryptocurrency to be an unlawful transfer of funds. Clausi was im prison ed in December 2021 on charges of “fraud” and “use of foreign currency for payment within Mor...