Under a government decision, Forex and cryptocurrency companies in Kurdistan are closed

6/1/2025

The Kurdistan Regional Government (KRG) decided on Sunday to form a special committee within the Ministry of Interior, with the participation of relevant authorities, to shut down cryptocurrency and digital currency companies.

According to a letter issued by the Presidency of the Kurdistan Regional Government's Council of Ministers, No. 6640, dated May 27, and seen by Shafaq News Agency, the Ministry of Interior was notified, based on instructions issued by the Central Bank of Iraq, regarding the ban on dealing with electronic trading companies (forex) and digital currencies.

The Court's presidency stressed the need to take the necessary measures to form a committee with the relevant authorities to close down all companies operating in this field under various names.   LINK