Media: Qatar authorities banned operations with bitcoin and other cryptocurrencies



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Media: Qatar authorities banned operations with bitcoin and other cryptocurrencies

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Qatar’s financial regulator (QFC) has banned cryptocurrency transactions in the country, reports International Investment.

The QFC’s disposition states: “Services related to virtual assets cannot be provided in Qatar’s financial center.” The ban applies to “anything valuable that can serve as a substitute for currency, be traded or transmitted digitally and used for payments or investments.

Virtual Asset Services Services include:

trade in crypto assets in pairs with fiat currency;
exchange of virtual assets among themselves;
asset transfer;
storage and / or asset management
other services related to virtual assets.

The reasons for the ban are unknown.

In 2018, representatives of the Central Bank of Qatar said that cryptocurrencies are extremely volatile and can be used in illegal activities.

Recall that earlier the authorities of Uzbekistan left the country’s citizens the opportunity to carry out exclusively transactions for the sale of crypto assets.

Media: Qatar authorities banned operations with bitcoin and other cryptocurrencies



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