Cryptos and Derivatives Banned in Qatar

Qatar Financial Centre, QFC, says Qatar residents can no longer utilize any virtual asset, including cryptos, this year. The new law bans whatever is of value, acting as a substitute for currency, capable of getting traded or transferred digitally, and usable for payment or investment purposes. There will be no promotion of any invention within the features above, even if they are not blockchain-based. For instance, gift cards and coupons have the characteristics described by the new law. In this…