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HomeForex NewsIraq’s Al-Rasheed Bank warns against digital currency trade

Iraq’s Al-Rasheed Bank warns against digital currency trade

2025-02-27T15:04:57+00:00

Shafaq News/ On Thursday, Iraq’s
Al-Rasheed Bank cautioned citizens against trading in digital currencies and
Forex.

“Following directives from the
Central Bank of Iraq (CBI), we urge all citizens to refrain from using digital
payment tools, including bank cards and digital wallets, for Forex trading or
cryptocurrency transactions, whether for personal use or on behalf of others,”
the bank stated.

The bank stressed that engaging with
unlicensed entities in these activities could lead to legal repercussions and
financial losses.

shafaq.com

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