Qatar Financial Centre Authority (QFC) issues ban on cryptocurrency trading

According to the latest report from the international media International Investment, the Qatar Financial Centre (QFC) Authority stated that "virtual asset services are not currently available in or from QFC." According to reports, these services include fiat currencies and crypto Currency transactions, as well as cryptocurrency and cryptocurrency transactions, custody and financial services related to virtual assets.

The regulator specifically stated that the ban includes "any product that can replace currency in value, which can be digitally traded or transferred, and which can be used for payment or investment purposes."