Qatar blocks crypto asset services

Published: January 3, 2020 | by Bitcoin Press News Team

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; safekeeping and/or administration of virtual assets […]