Qatar blocks crypto asset services

Pedro Gonçalves
clock • 2 min read

Qatar's financial regulator has blocked any and all crypto asset services in the Gulf nation. The QFC Regulatory Authority said in a statement that "Virtual Asset Services may not be conducted in or from the QFC at this time". It specified that the ban includes "anything of value that acts as a substitute for currency, that can be digitally traded or transferred and can be used for payment or investment purposes" Virtual Asset Services include exchange between virtual assets and fiat currencies; exchange between one or more forms of virtual assets; transfer of virtual assets; safekeep...

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