Iraq is not dealing with the currency of Bitcoin, risking dealers subject to the provisions of the Money Laundering Act, said Central Bank Information Director, Aysar Jabbar.
“Bitcoin is a virtual electronic currency that trades online only with no physical presence and is used for online purchases and supports payment using Bitcoin cards,” he said in an interview.
He stressed that “this currency involves several risks that may result from circulation, especially with regard to electronic piracy and fraud, although there is no popularity within Iraq.”

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