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Guinea vs Iraq

Crypto regulation comparison

← Back to map | Guinea | Iraq
Guinea

Guinea

Iraq

Iraq

No Regulation
Banned

Guinea has no specific cryptocurrency regulation. The central bank has not issued formal guidance on crypto.

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 None
Tax Type Unclear
Tax Rate N/A
Tax Rate N/A
Exchanges Yes Yes
Exchanges No No
Mining Yes Yes
Mining No No
Regulator Banque Centrale de la République de Guinée
Regulator CBI (Central Bank of Iraq)
Stablecoin Rules No stablecoin regulation
Stablecoin Rules Not applicable; crypto activities prohibited
Key Points
  • No specific cryptocurrency legislation
  • Central bank has not issued formal crypto guidance
  • Limited financial infrastructure
  • Minimal crypto adoption
  • No licensing framework for crypto services
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