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Iran vs Qatar

Crypto regulation comparison

← Back to map | Iran | Qatar
Iran

Iran

Qatar

Qatar

Restricted
Restricted

Iran has a complex stance on cryptocurrency. Crypto mining is legal and licensed by the Ministry of Industry, but using crypto for domestic payments is banned by the CBI. The government has explored using crypto for international trade to circumvent sanctions. Mining operations are periodically shut down during energy shortages.

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 No No
Exchanges No No
Mining Yes Yes
Mining No No
Regulator CBI (Central Bank of Iran), Ministry of Industry
Regulator QCB (Qatar Central Bank), QFCRA
Stablecoin Rules Not applicable; crypto payments and trading domestically restricted
Stablecoin Rules Not permitted under current QCB regulations
Key Points
  • Crypto mining is legal and licensed by the Ministry of Industry, Mine and Trade
  • CBI bans using crypto as a domestic payment method
  • Licensed miners must sell mined crypto to the CBI or authorized exporters
  • Government has explored crypto for sanctions evasion in international trade
  • Mining farms periodically shut down during summer/winter energy demand peaks
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