Iraq

Cryptocurrency dealings are banned in Iraq as per the Central Bank of Iraq's 2017 directive. There is no indication of legal frameworks supporting crypto activities.

Overview

StatusBanned
Risk Score90/100 (Very High Risk)
Regionmiddle east
CurrencyIQD

Tax

Capital Gains (Personal)N/A - crypto banned
Capital Gains (Corporate)N/A - crypto banned
VAT on CryptoNo
Staking TaxN/A
Airdrop TaxN/A

No crypto-specific tax guidance available.

Licensing

RequiredNo
RegulatorCBI
FrameworkCBI 2017 directive banning cryptocurrency dealings
Easevery_complex
CostN/A

DeFi

Status: Banned

Stablecoins

Status: Banned

NFTs

Status: Banned

Mining

LegalNo
Electricity$0.018/kWh
Renewable3%
Infrastructurepoor

Mining is banned in Iraq. Electricity costs are very low but infrastructure is poor and renewable energy share is minimal.

Geopolitics

Stabilityunstable
SanctionsYes
Corruption Index20/100
Banking Accessrestricted

Last reviewed: 2026-04-13 · Data source: Soken Crypto Legal Map

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