KRG forms committee to shut down crypto, forex firms

HomeForex News

KRG forms committee to shut down crypto, forex firms

2025-06-01T18:42:55+00:00

Shafaq News/ The Kurdistan Regional Government (KRG) decided
to form a special committee within the Ministry of Interior to shut down
companies operating in the fields of electronic trading and digital currencies.

According to a letter from the Presidency of the Council of
Ministers of Kurdistan, dated May 27, the Ministry of Interior was instructed
to act based on directives from the Central Bank of Iraq, emphasizing the need
to take appropriate measures to establish a joint committee tasked with
executing the closures.

Authorities in Duhok detained two suspects last month accused
of running a cryptocurrency scheme that defrauded investors of $15 million,
according to local security officials.

shafaq.com