Kurdistan orders crypto crackdown after 15 million USD fraud case

In response to a $15 million fraud case, the Kurdistan Regional Government is forming a special committee to close down electronic trading and digital currency companies. This decision highlights the urgent need to regulate the crypto market.

The directive, issued by the Central Bank of Iraq, reflects rising concerns about financial fraud in the digital economy. Two suspects have been apprehended, emphasizing the seriousness of the crackdown on cryptocurrency-related scams.

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