OKX Banner
BTC $65,090.00 (+0.96%)
ETH $1,897.17 (+1.83%)
BNB $571.20 (+0.54%)
XRP $1.11 (+1.61%)
SOL $77.58 (+2.20%)
TRX $0.33 (-0.05%)
HYPE $62.01 (+1.62%)
DOGE $0.07 (-0.38%)
RAIN $0.01 (-1.27%)
ZEC $546.19 (-0.88%)
LEO $9.73 (-0.75%)
XLM $0.19 (-1.71%)
LINK $8.54 (+2.44%)
XMR $335.15 (+0.24%)
ADA $0.17 (+0.64%)
CC $0.12 (-3.16%)
BCH $217.79 (+0.16%)
GRAM $1.45 (+0.62%)
LTC $47.05 (-1.09%)
USDG $1.00 (-0.05%)

Burundi vs Iraq

Crypto regulation comparison

← Back to map | Burundi | Iraq
Burundi

Burundi

Iraq

Iraq

No Data
Banned

-

Iraq has banned cryptocurrency dealings. The Central Bank of Iraq issued a directive in 2017 prohibiting banks, financial institutions, and exchange companies from dealing in cryptocurrency. Despite the ban, some underground and peer-to-peer crypto trading reportedly persists.

Tax Type Unclear
Tax Type Unclear
Tax Rate N/A
Tax Rate N/A
Exchanges No No
Exchanges No No
Mining No No
Mining No No
Regulator -
Regulator CBI (Central Bank of Iraq)
Stablecoin Rules -
Stablecoin Rules Not applicable; crypto activities prohibited
Key Points

-

Key Points
  • CBI banned all crypto dealings by financial institutions in 2017
  • Exchange companies are prohibited from handling cryptocurrency
  • No regulatory framework for crypto businesses
  • Underground and P2P crypto trading reportedly exists despite the ban
  • The ban is motivated by AML concerns and financial stability considerations
Sources

-

Sources
OKX Banner