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Azerbaijan vs Qatar

Crypto regulation comparison

Azerbaijan

Azerbaijan

Qatar

Qatar

Partially Regulated
Restricted

Azerbaijan has no specific cryptocurrency legislation but crypto is not banned. Crypto profits are taxable at 14% income tax. The Central Bank is drafting a comprehensive digital asset framework expected by end of 2025, modeled on international best practices. A regulatory sandbox is being developed.

Qatar has a restrictive stance on cryptocurrency. The Qatar Central Bank banned crypto trading and services in 2018, and the QFC Regulatory Authority (QFCRA) prohibits virtual asset services within the Qatar Financial Centre. However, Qatar has shown interest in blockchain technology for non-crypto applications and is exploring a potential CBDC. The Qatar Financial Centre issued a Digital Assets Framework in 2024 focused on tokenized real-world assets, not cryptocurrencies.

Tax Type Income
Tax Type None
Tax Rate 14%
Tax Rate 0%
Exchanges Yes Yes
Exchanges No No
Mining Yes Yes
Mining No No
Regulator Central Bank of Azerbaijan
Regulator QCB (Qatar Central Bank), QFCRA
Stablecoin Rules No stablecoin regulation
Stablecoin Rules Not permitted under current QCB regulations
Key Points
  • No specific crypto legislation; operates in legal gray area
  • Crypto profits taxable at 14% income tax
  • Central Bank drafting comprehensive digital asset framework
  • Manat is the only legal tender per 1995 Constitution
  • Regulatory sandbox being developed for virtual assets
Key Points
  • QFCRA prohibited authorized firms from providing virtual asset services (2019 alert, reaffirmed 2024)
  • QFCRA prohibits virtual asset services within the Qatar Financial Centre
  • QFC introduced a 2024 Digital Assets Framework for tokenized securities (not crypto)
  • No personal income or capital gains tax in Qatar (but crypto trading is banned)
  • Qatar exploring blockchain and CBDC applications separate from crypto