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Cyprus vs Qatar

Crypto regulation comparison

← Back to map | Cyprus | Qatar
Cyprus

Cyprus

Qatar

Qatar

Legal
Restricted

Cyprus regulates crypto under the EU MiCA framework (fully applicable since December 2024). CySEC authorizes crypto-asset service providers (CASPs) while the Central Bank of Cyprus oversees e-money tokens and asset-referenced tokens. Crypto gains from occasional transactions are currently not taxed; active trading is taxed as income at 0-35%. A proposed 8% flat tax on crypto gains is pending parliamentary approval for 2026.

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 Varies
Tax Type None
Tax Rate 0-35% (proposed 8% flat rate from 2026)
Tax Rate 0%
Exchanges Yes Yes
Exchanges No No
Mining Yes Yes
Mining No No
Regulator CySEC, Central Bank of Cyprus
Regulator QCB (Qatar Central Bank), QFCRA
Stablecoin Rules Regulated under EU MiCA framework
Stablecoin Rules Not permitted under current QCB regulations
Key Points
  • CySEC authorizes and supervises crypto-asset service providers under MiCA
  • No capital gains tax on crypto for occasional transactions; active trading taxed as income
  • EU MiCA regulation applies as an EU member state
  • AML/CFT requirements enforced for all crypto businesses
  • Proposed 8% flat tax on crypto gains pending parliamentary approval for 2026
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