OKX Banner
BTC $64,624.00 (-1.16%)
ETH $1,885.06 (-2.27%)
BNB $579.68 (-0.24%)
XRP $1.11 (-0.86%)
SOL $76.57 (-1.90%)
TRX $0.32 (-1.21%)
HYPE $65.98 (-3.50%)
DOGE $0.07 (-1.40%)
ZEC $557.66 (-3.05%)
RAIN $0.01 (-3.67%)
LEO $9.82 (+0.05%)
XLM $0.19 (+1.19%)
LINK $8.45 (-0.89%)
XMR $333.36 (+0.71%)
ADA $0.16 (-1.20%)
CC $0.14 (-2.19%)
BCH $223.29 (-4.62%)
GRAM $1.55 (-2.98%)
LTC $44.90 (-1.45%)
USDG $1.00 (+0.09%)

Iraq vs Lesotho

Crypto regulation comparison

← Back to map | Iraq | Lesotho
Iraq

Iraq

Lesotho

Lesotho

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.

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

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 Central Bank of Lesotho
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
  • Central bank has not issued formal crypto guidance
  • Part of the Common Monetary Area with South Africa
  • Limited crypto adoption
  • No licensing framework for crypto services
Sources
Sources
OKX Banner