Vavada Banner
BTC $73,208.00 (+1.30%)
ETH $2,255.07 (+1.98%)
XRP $1.36 (+0.45%)
BNB $607.65 (+0.08%)
SOL $85.23 (+0.97%)
TRX $0.32 (-0.46%)
DOGE $0.09 (+0.42%)
HYPE $41.61 (+4.07%)
ADA $0.26 (-0.17%)
LEO $10.11 (-0.02%)
BCH $445.48 (+0.37%)
LINK $9.14 (+0.90%)
XMR $344.12 (-0.40%)
ZEC $378.89 (+2.23%)
CC $0.15 (-2.33%)
XLM $0.16 (-0.54%)
M $2.71 (+3.42%)
LTC $55.19 (+0.65%)
AVAX $9.45 (+0.25%)
RAIN $0.01 (+3.22%)

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