Is crypto legal in Iraq?
Cryptocurrency is banned in Iraq.
Western Asia · IQ · 2 of 9 dimensions sourced
Every value below cites the primary government, central bank, financial regulator, or tax
authority. How this is sourced →
Iraq crypto policy at a glance
CBDC status
Research Stage of the central bank digital currency programme — research, pilot, or launched.
Legal status
Banned Whether crypto is legal, restricted, or banned for individuals and businesses.
“The Central Bank of Iraq warns against the use of virtual currencies such as Bitcoin, which involve high risks and may be used for criminal activities. The Bank confirms that this currency is not legal and that no licences have been granted for its use, and that violators will be subject to legal consequences.”
VASP licensing
Not yet recorded Whether the jurisdiction licenses crypto/VASP service providers.
Stablecoin rules
Not yet recorded Rules governing stablecoin and e-money-token issuance.
Tax treatment
Not yet recorded How crypto gains are taxed and reported, including OECD CARF participation.
DeFi treatment
Not yet recorded How decentralized finance (DeFi) is treated by regulators.
NFT classification
Not yet recorded Whether NFTs are addressed in regulation.
Mining policy
Not yet recorded Policy toward crypto mining — permitted, restricted, or banned.
Enforcement intensity
Not yet recorded Intensity of regulatory enforcement actions against crypto firms.
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