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Costa Rica vs Qatar

Crypto regulation comparison

← Back to map | Costa Rica | Qatar
Costa Rica

Costa Rica

Qatar

Qatar

No Regulation
Restricted

Costa Rica has no specific cryptocurrency legislation. The Central Bank has stated crypto is not legal tender and not backed by the government, but has not prohibited its use. Some businesses accept Bitcoin, and there is a growing crypto community, particularly in tech-focused areas.

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 Unclear
Tax Type None
Tax Rate N/A
Tax Rate 0%
Exchanges Yes Yes
Exchanges No No
Mining Yes Yes
Mining No No
Regulator BCCR (Banco Central de Costa Rica), SUGEF
Regulator QCB (Qatar Central Bank), QFCRA
Stablecoin Rules No stablecoin-specific regulation
Stablecoin Rules Not permitted under current QCB regulations
Key Points
  • No specific cryptocurrency legislation exists
  • BCCR does not recognize crypto as legal tender but has not banned it
  • Crypto businesses operate in a legal gray area without formal licensing
  • A Bitcoin and crypto community has emerged, especially around tech hubs
  • Tax obligations on crypto gains are unclear due to lack of specific guidance
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
Sources
Sources