BTC $64,479.00 (-4.32%)
ETH $1,853.71 (-4.50%)
XRP $1.36 (-1.97%)
BNB $595.06 (-2.63%)
SOL $78.58 (-5.51%)
TRX $0.28 (-2.70%)
DOGE $0.09 (-2.20%)
BCH $526.85 (-7.07%)
ADA $0.26 (-2.81%)
LEO $8.08 (-1.40%)
HYPE $26.28 (-8.60%)
CC $0.16 (-1.54%)
LINK $8.24 (-4.49%)
XMR $308.20 (-4.99%)
XLM $0.15 (-2.87%)
RAIN $0.01 (-2.79%)
HBAR $0.09 (-2.89%)
ZEC $240.03 (-0.91%)
LTC $51.34 (-3.44%)
AVAX $8.40 (-4.64%)

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