BTC $64,053.00 (-0.76%)
ETH $1,850.52 (-0.75%)
XRP $1.35 (-0.27%)
BNB $584.81 (-1.93%)
SOL $78.37 (-0.10%)
TRX $0.28 (+0.56%)
DOGE $0.09 (-1.45%)
BCH $482.05 (-3.54%)
ADA $0.26 (-1.46%)
LEO $8.45 (+4.46%)
HYPE $27.19 (+2.35%)
CC $0.16 (+0.18%)
XMR $326.80 (+6.07%)
LINK $8.19 (-1.50%)
XLM $0.15 (-1.17%)
RAIN $0.01 (-0.19%)
HBAR $0.10 (+0.39%)
ZEC $244.78 (+2.66%)
LTC $51.20 (-0.92%)
AVAX $8.31 (-0.90%)

Iraq vs Sudan

Crypto regulation comparison

← Back to map | Iraq | Sudan
Iraq

Iraq

Sudan

Sudan

Banned
Restricted

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.

Sudan has a restrictive financial environment compounded by political instability and historical international sanctions. The central bank has warned against crypto use.

Tax Type Unclear
Tax Type None
Tax Rate N/A
Tax Rate N/A
Exchanges No No
Exchanges No No
Mining No No
Mining No No
Regulator CBI (Central Bank of Iraq)
Regulator Central Bank of Sudan
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
  • Central bank has warned against cryptocurrency use
  • Political instability and conflict limit regulatory development
  • Historical international sanctions restrict financial access
  • No specific cryptocurrency legislation
  • Very limited crypto infrastructure
Sources
Sources