Crypto Regulation in Iraq

Banned

Tax Information

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
Mining Tax
--

Licensing & Registration

License Required
No
Regulator
CBI (Central Bank of Iraq)
Framework
CBI 2017 directive banning cryptocurrency dealings
License Types
--
Estimated Cost (USD)
N/A
Timeline
N/A months
Ease of Licensing
Very Complex

AML / KYC

KYC Required
Yes
Travel Rule
No
FATF Member
--
FATF Status
--
Suspicious Activity Reporting
--

Mining

Mining Legal
No
Status
Banned
Electricity Cost ($/kWh)
$0.02
Renewable Energy
20%
Climate
Hot
Infrastructure
Moderate
Tax on Mining Income
N/A - crypto banned
Notes
Crypto mining is explicitly prohibited or effectively banned in this jurisdiction.

DeFi, Stablecoins & NFTs

DeFi: bannedStablecoins: bannedNFTs: bannedCBDC: none

Soken Services

Legal Opinion
Available | $8,000 - $25,000 | 14 days
Banking
Difficulty: Very Hard | Crypto-friendly banks: none listed
Min. Deposit
$10,000
Fiat Rails
SWIFT

Sources

Central Bank of Iraq
medium

Frequently Asked Questions

Is crypto legal in Iraq?
Cryptocurrency is currently classified as "Banned" in Iraq.
What is the crypto tax rate in Iraq?
In Iraq, the personal capital gains tax on crypto is N/A - crypto banned, and the corporate tax rate is N/A - crypto banned.
Do I need a crypto license in Iraq?
No, Iraq does not currently require a specific crypto license, though other financial regulations may apply.
Is crypto mining legal in Iraq?
No, crypto mining is currently banned or illegal in Iraq. Crypto mining is explicitly prohibited or effectively banned in this jurisdiction.
What are the AML/KYC requirements for crypto in Iraq?
Yes, crypto businesses in Iraq must comply with KYC (Know Your Customer) requirements.