The Central Bank of Iraq directed on Sunday to stop financial transfers to TikTok agents inside the country .
According to a document issued by the Iraqi Center “The decision came based on a letter from the Iraqi Ministry of Communications .”
According to this request, the Central Bank directed all authorized banks and non-banking institutions in Iraq to “stop incoming and outgoing financial transfers to TikTok agents inside Iraq .”
According to this procedure, the financial revenues of TikTok users in Iraq will decrease, as the “clicks” and gifts provided by the application and sent by subscribers to each other, which are bought and sold from smart phone and device stores, will no longer benefit them .
Ticking on TikTok is a term that refers to a specific mechanism that some users use to obtain rewards or benefits within the application by interacting extensively with the content. Ticking typically involves users interacting with videos, such as continuous viewing or interacting with challenges and offers, in order to collect points or prizes. These prizes may be in the form of “virtual gifts ” that can be converted into real money through a specific mechanism .
The process is done by purchasing “TikTok Coins” which are used to purchase digital gifts, which can be sent to content creators as support. After collecting a certain amount of these virtual gifts, users can convert them into real money.
