BTC $68,263.00 (+0.79%)
ETH $1,981.21 (+0.88%)
XRP $1.45 (+1.08%)
BNB $624.79 (+1.11%)
SOL $86.16 (+2.05%)
TRX $0.29 (+0.42%)
DOGE $0.10 (-2.05%)
BCH $567.04 (+0.64%)
ADA $0.28 (-3.51%)
LEO $8.47 (-2.72%)
HYPE $29.74 (-1.38%)
LINK $8.89 (+0.07%)
CC $0.16 (+1.35%)
XMR $326.05 (-2.61%)
XLM $0.16 (-1.14%)
RAIN $0.01 (-0.47%)
HBAR $0.10 (-0.25%)
ZEC $259.19 (-1.48%)
LTC $55.61 (+0.55%)
AVAX $9.24 (+0.58%)

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