Qatar Financial Centre Puts Blanket Ban on Cryptocurrency Businesses

Qatar Financial Centre Puts Blanket Ban on Cryptocurrency Businesses

The Qatar Financial Centre — a business development jurisdiction in the country — has introduced a blanket bank on crypto-related businesses. The Qatar Financial Centre Regulatory Authority (QFCRA) announced that virtual asset services may not be conducted in or from the Qatar Financial Centre (QFC).The regulator announced the new measures in a tweet published on Dec. 26, stating that authorized firms are not permitted to provide or facilitate the provision or exchange of crypto…

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