The legal system of digital banks in the Algerian legislation

Abstract

This article aims to study the legal system of digital banks through the Algerian monetary and banking law, which for the first time established the framework for the creation of this type of modern bank, as well as the recent Algerian banking system 24-04. The activities of digital banks are subject to prior authorisation and accreditation, in accordance with the same general conditions applicable to traditional banks, as well as specific conditions depending on the nature of the bank.
A digital bank must have its administrative headquarters in Algeria and carry out its activities exclusively in the digital environment. It must also host its digital platform in Algeria. The establishment of branches of foreign digital banks is not allowed. Digital banks are authorised to provide all banking services and operations offered by traditional banks.