The Kurdistan Regional Government (KRG), the official executive body of the semi-autonomous Kurdistan Region in northern Iraq, has ordered the Ministry of Interior to create a special committee to shut down companies operating in the fields of electronic trading and digital currencies. The directive, issued by the Presidency of the Council of Ministers and dated May 27, follows instructions from the Central BankIraq. It calls for the formation of a joint committee to implement the shutdowns. This development comes shortly after the arrest of two suspects in Duhok accused of running a cryptocurrency scheme that defrauded investors of $15 million, according to local security sources. The KRG’s action reflects an increased effort to address issues related to digital financial operations and potential fraud.