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 | 100/100 (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 + Circular No. 125/5/9 (November 2021) banning virtual asset dealings by financial institutions |
| 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: Unknown
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.
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.
Iraq is classified by FATF as: unknown.
KYC is mandatory for crypto businesses.
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Explore IT Services →Last reviewed: 2026-06-01 · Data source: Soken Crypto Legal Map
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