Iraq's CBI, CMC Advance Digital Payments Framework, Eye MoU on Tech Licensing
Updated
Updated · Telecompaper EN · Aug 7
Iraq's CBI, CMC Advance Digital Payments Framework, Eye MoU on Tech Licensing
1 articles · Updated · Telecompaper EN · Aug 7
Summary
Iraq's central bank and the Communications and Media Commission held talks on a digital economy framework centered on digital payments rules and a joint memorandum of understanding.
The discussions also covered licensing global tech platforms including Apple, Google and Meta, broadening the plan beyond payments into electronic services oversight.
Officials reviewed monitoring influencer transactions, including reactivating financial services on TikTok, alongside measures to combat financial crimes.
The meeting signals a wider Iraqi push to formalize fintech regulation by linking financial supervision with telecom and media oversight.
Why are Iraq’s regulators targeting TikTok finance and influencer transactions, and what does that reveal about the country’s digital economy strategy?
Can Iraq’s push to license Apple, Google, and Meta finally build trust in digital payments, or will cash still dominate everyday spending?