By John Lee.
Ali Mohsen Al-Alaq, Governor of the Central Bank of Iraq (CBI), chaired a meeting on the regulation of e-commerce in Iraq, with participation from relevant authorities.
The meeting discussed controls and consumer protection measures, focusing on registration procedures and obtaining licenses for e-commerce activities.
The committee defined service providers and established a licensing process through an electronic platform to be developed by the Ministry of Commerce. Committee members emphasized the importance of licensing regulations to safeguard all parties involved in e-commerce.
The attendees agreed to submit the regulatory framework to the Cabinet for review and approval.
(Source: CBI)
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