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.
| Status | Banned |
| Risk Score | 90/100 (Very High Risk) |
| Region | middle east |
| Currency | IQD |
| Capital Gains (Personal) | N/A - crypto banned |
| Capital Gains (Corporate) | N/A - crypto banned |
| VAT on Crypto | No |
| Staking Tax | N/A |
| Airdrop Tax | N/A |
No crypto-specific tax guidance available.
| Required | No |
| Regulator | CBI |
| Framework | CBI 2017 directive banning cryptocurrency dealings |
| Ease | very_complex |
No detailed enforcement information available
| KYC Required | Yes |
| Travel Rule | No |
| FATF Member | No |
| FATF Status | unknown |
| FATF Body | MENAFATF |
| Suspicious-Activity Reporting | Yes |
Status: Banned
Status: Banned
Status: Banned
| Legal | No |
| Electricity Cost | $0.018/kWh |
| Renewable Energy | 3% |
| Infrastructure | poor |
Mining is banned in Iraq. Electricity costs are very low but infrastructure is poor and renewable energy share is minimal.
| Stability | unstable |
| Sanctions | Yes |
| Corruption Index | 20/100 |
| Banking Access | restricted |
Risk Factors
Iraq faces significant political instability and security challenges. While not under major international sanctions, corruption and difficult business environment pose risks for crypto businesses.
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Explore IT Services →Last reviewed: 2026-04-13 · Data source: Soken Crypto Legal Map
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