As of June 2025, Chinese citizens are banned from owning or trading any cryptocurrency. This comprehensive ban, enforced by the PBOC, shuts down all crypto activity, from mining to personal wallets, to protect financial control and promote the digital yuan.
Iraq's Central Bank has banned all cryptocurrency transactions since 2017, with strict rules on banks and payment providers. In 2025, it's pushing a state-controlled digital currency instead - raising privacy and surveillance concerns.