Kurdish authorities clamp down on crypto trading
- Follows Central Bank of Iraq warning
- Fraud reported in Duhok province
- Forex companies also targeted
The semi-autonomous Kurdistan region in northern Iraq has launched a crackdown on cryptocurrency trading, following warnings by the Central Bank of Iraq.
The Kurdistan Regional Government has formed an interior ministry committee to enforce the closure of crypto and foreign exchange companies, it said in a statement at the weekend.
The committee, which can order raids on company premises, was set up after reports of a crypto scam in the Kurdish province of Duhok. Last month the authorities in Duhok arrested two people suspected of running a crypto scheme that defrauded local investors of nearly $15 million.
The…
