BTC $64,927.00 (-3.78%)
ETH $1,866.78 (-4.11%)
XRP $1.36 (-1.81%)
BNB $596.88 (-2.79%)
SOL $78.73 (-5.58%)
TRX $0.28 (-3.37%)
DOGE $0.09 (-2.20%)
BCH $501.92 (-11.94%)
ADA $0.26 (-2.34%)
LEO $8.19 (-0.14%)
HYPE $26.51 (-8.39%)
CC $0.16 (+1.23%)
LINK $8.32 (-3.83%)
XMR $309.36 (-5.23%)
XLM $0.15 (-1.53%)
RAIN $0.01 (-2.58%)
HBAR $0.10 (-1.61%)
LTC $51.80 (-2.89%)
ZEC $240.00 (-2.06%)
AVAX $8.42 (-4.55%)

Iraq vs Samoa

Crypto regulation comparison

← Back to map | Iraq | Samoa
Iraq

Iraq

Samoa

Samoa

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.

Samoa has no specific cryptocurrency regulation. The central bank has cautioned about crypto risks.

Tax Type Unclear
Tax Type Unclear
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 Samoa
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 cautioned about crypto risks
  • Crypto not recognized as legal tender
  • Limited crypto adoption
  • No licensing framework for crypto services
Sources
Sources