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Iraq vs Vatican City

Crypto regulation comparison

← Back to map | Iraq | Vatican City
Iraq

Iraq

Vatican City

Vatican City

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.

Vatican City has no cryptocurrency regulation. The micro-state's financial system is focused on the Holy See's financial activities. ASIF provides financial oversight.

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 ASIF (Supervisory and Financial Information Authority)
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
  • ASIF provides financial oversight for the Holy See
  • Micro-state with very limited financial market
  • No crypto exchanges or services
  • AML/CFT framework aligned with international standards
Sources
Sources