By John Lee. The Central Bank of Iraq (CBI) and the Communications and Media Commission (CMC) have held talks on regulating digital payment services and developing the legislative framework for Iraq's digital economy. According to the CBI, Governor Nizar Nasser Hussein met the Commission's executive head, Balig Abu Kallal, to discuss a range of issues, including:Regulation of digital applications and electronic payment platforms to ensure compliance with Iraqi lawCooperation on anti-money laundering and counter-terrorism financingReactivating financial transactions via TikTok and regulating payments to social media influencers and content creatorsLicensing global digital companies and platforms, including Apple, Google, and Meta (owner of Facebook and Instagram), to operate formally in IraqA planned memorandum of understanding between the two institutions covering digital payments, financial technology, and electronic services(Source: Central Bank of Iraq)