At the third Algeria Fintech and E-commerce Summit, the Algeria Market Authority’s president, Youcef Bouzenada, outlined how the regulator’s recent frameworks are intended to support financial technology activity in the capital markets and strengthen the ecosystem for emerging companies. In remarks during a panel discussion, he focused on fintech’s role in developing stock market operations rather than announcing a new regulatory measure. The discussion highlighted two areas of the existing framework. First, Bouzenada pointed to the launch of trading platforms under Instruction 24-10 on stock exchange order execution mechanisms, dated Jan. 20, as a way fintech can contribute to financial market activity. Second, he encouraged fintech firms to develop crowdfunding platforms using the facilities available under Regulatory Framework 23-01 on crowdfunding. He also said the authority is prepared to support innovative initiatives aimed at developing Algeria’s financial market.
Algeria Market Authority (COSOB)2025-01-30
Algeria Market Authority highlights fintech frameworks for trading platforms and crowdfunding at industry summit
At the Algeria Fintech and E-commerce Summit, the Algeria Market Authority said its recent regulatory frameworks are designed to support fintech activity in the capital markets. Its president highlighted scope for trading platforms under Instruction 24-10 and encouraged firms to use Framework 23-01 to develop crowdfunding platforms.