CENTRAL BANK OF IRAQ

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The Central Bank of Iraq is closely following the digital, encrypted, and virtual currency market transactions, given the significant risks associated with these currencies and the fact that they are not subject to any legal, regulatory, or technical controls or legislation in Iraq.

 

The Central Bank of Iraq warns against using these currencies to avoid any negative consequences. These currencies have high volatility and speculation and do not guarantee such coins, and do not provide legal protection for those who deal in them and have not been granted a license to any digital currency currently encrypted.

 

Central Bank of Iraq

      Media Office

November 11, 2021