The Qatar Financial Middle has theoretically decided to prohibit cryptocurrency in the area. This implies fiat-to-crypto, crypto-to-crypto, and any other repayment made relating virtual investments.
The reasoning that the governing has at the rear of this is the fact that cryptocurrency is usually dangerous, can lead to unnecessary speculations and more hacking. That’s his or her's current feeling and Bitcoin is banned for locals to trade.
Security tokens can still be legally exchanged
A very significant and interesting thing to know is that regulation about banning the trading from crypto doesn’t ban forex trading security tokens. These tokens are expenditure contracts when a buyer attempts to estimate the profits coming from dividends or maybe other things down the road.
Exchanges to trade crypto in Qatar
If you’re brave a sufficient amount of to avoid any prohibition but still trade crypto, there are still exchanges that you can use with Qatar. However , you first need to use a VPN so that them, as most tools for trading virtual up-to-dateness in Qatar are restricted.
CEX. io is an exchange that residents of Qatar can use for trading crypto. It takes advantage of the most prominent deposit solutions, such as Master card, Visa, or simply Maestro. All the fees upon trading are very small getting 0. 25% maximum. That deposit payments are two . 99% on all currencies apart from the CHAFE which has a 5% fee.