Iraq has started taking its first real steps toward setting clear rules for virtual and digital assets, following global standards used around the world.
The first meeting of the National High Committee for the Regulation of Virtual Assets was held in Baghdad at the Central Bank of Iraq. Senior officials from financial, legal, regulatory, technical, and communications bodies came together to talk about how digital assets are handled internationally and how other countries balance innovation with financial stability.
The talks focused on key issues like preventing money laundering and terrorism financing, reducing cyber risks, and making sure digital assets are clearly defined and properly classified. Officials also stressed the need for flexible rules that can adapt to change while managing risk.
The goal is to create a system that is transparent, protects users, improves services, and introduces a modern licensing process for digital asset activities.
This move is part of a wider government plan to build a safe and stable digital financial system, expand financial inclusion, and prepare Iraq’s economy for fast-moving technology—while still protecting the country’s monetary independence.
