A 21-year-old French citizen who bought a Ferrari with bitcoin had his 18-month sentence and $3.7 million fine upheld by a Moroccan court.

The original sentence handed down by the Casablanca Court of Appeals in October 2022 against Thomas Clausi was upheld earlier this month, confirmed Clausi’s lawyer Mohamed Aghanaj. This came after Clausi was arrested for buying the luxury car in 2021.

Morocco banned holding and trading cryptocurrencies in 2017. With this decision against Clausi, the country appears to be sending a message to all those who have a desire to use digital assets...