No More Forex: Kurdistan’s Big Crackdown!
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No More Forex: Kurdistan’s Big Crackdown!
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The Kurdistan Region decides to close all electronic currency exchange (forex) and digital trading companies.
link to My FX Buddies Blog
A statement issued by the Presidency of the Council of Ministers of the Kurdistan Region stated that "the Ministry of Interior in the regional government has been notified to form a special committee, in cooperation with the relevant authorities, to close all companies operating in the field of electronic currency exchange (Forex) and digital trading."
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It added that "this decision comes in light of the instructions issued by the Central Bank of Iraq, which stipulate the prohibition of dealing with electronic and digital transfer companies."
According to the decision, the committee will monitor and close all companies that practice these activities under various names and methods, as part of the Kurdistan Regional Government's efforts to control financial markets and ensure the integrity of economic transactions in the region.
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