Vavada Banner
BTC $67,398.00 (-2.93%)
ETH $2,027.76 (-4.40%)
XRP $1.39 (-5.83%)
BNB $622.78 (-1.59%)
SOL $85.99 (-5.14%)
TRX $0.29 (-0.02%)
DOGE $0.10 (-8.02%)
ADA $0.29 (-7.43%)
BCH $480.50 (-6.01%)
LEO $8.76 (+0.16%)
HYPE $28.23 (-1.89%)
CC $0.17 (+2.99%)
LINK $9.08 (-3.66%)
XMR $342.29 (+0.13%)
XLM $0.16 (-3.76%)
RAIN $0.01 (-2.53%)
HBAR $0.10 (-3.40%)
LTC $55.16 (-5.64%)
AVAX $9.25 (-4.49%)
ZEC $238.35 (-7.84%)

Iraq vs Timor-Leste

Crypto regulation comparison

← Back to map | Iraq | Timor-Leste
Iraq

Iraq

Timor-Leste

Timor-Leste

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.

Timor-Leste has no specific cryptocurrency regulation. Uses the US dollar as its official currency.

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 Banco Central de Timor-Leste
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 US dollar as official currency
  • Central bank has not addressed crypto regulation
  • Very limited financial infrastructure
  • Minimal crypto adoption
Sources
Sources