OKX Banner
BTC $63,885.00 (-1.54%)
ETH $1,864.60 (-3.14%)
BNB $572.60 (-1.45%)
XRP $1.09 (-2.42%)
SOL $75.22 (-2.94%)
TRX $0.32 (-0.43%)
HYPE $61.29 (-8.76%)
DOGE $0.07 (-2.17%)
RAIN $0.01 (+1.03%)
LEO $9.79 (-0.13%)
ZEC $536.19 (-6.96%)
XLM $0.19 (-1.32%)
XMR $335.76 (+1.82%)
LINK $8.36 (-2.27%)
ADA $0.16 (-3.21%)
CC $0.13 (-4.70%)
BCH $221.14 (-2.36%)
GRAM $1.52 (-3.77%)
LTC $44.96 (-0.33%)
USDG $1.00 (-0.11%)

Iraq vs Kiribati

Crypto regulation comparison

← Back to map | Iraq | Kiribati
Iraq

Iraq

Kiribati

Kiribati

Banned
No Regulation

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.

Kiribati has no specific cryptocurrency regulation. Uses the Australian dollar.

Tax Type Unclear
Tax Type None
Tax Rate N/A
Tax Rate N/A
Exchanges No No
Exchanges Yes Yes
Mining No No
Mining Yes Yes
Regulator CBI (Central Bank of Iraq)
Regulator Ministry of Finance, Kiribati
Stablecoin Rules Not applicable; crypto activities prohibited
Stablecoin Rules No stablecoin regulation
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
Key Points
  • No specific cryptocurrency legislation
  • Uses the Australian dollar
  • Very limited financial infrastructure
  • Minimal crypto adoption
  • No licensing framework for crypto services
Sources
Sources
OKX Banner