BTC $67,038.00 (+0.22%)
ETH $1,940.33 (+0.04%)
XRP $1.41 (+0.17%)
BNB $616.47 (+2.21%)
SOL $83.15 (+2.11%)
TRX $0.29 (+1.00%)
DOGE $0.10 (+1.21%)
BCH $556.71 (+0.33%)
ADA $0.28 (+3.50%)
LEO $8.69 (+0.06%)
HYPE $29.64 (+3.90%)
LINK $8.73 (+2.52%)
XMR $330.35 (-0.17%)
CC $0.16 (+2.74%)
XLM $0.16 (+0.53%)
RAIN $0.01 (-3.46%)
ZEC $255.94 (-2.00%)
HBAR $0.10 (+1.93%)
LTC $54.38 (+3.82%)
AVAX $9.02 (+1.56%)

Morocco vs Qatar

Crypto regulation comparison

← Back to map | Morocco | Qatar
Morocco

Morocco

Qatar

Qatar

Restricted
Restricted

Morocco's central bank (Bank Al-Maghrib) banned cryptocurrency transactions in 2017, making it illegal for financial institutions to process crypto payments. Despite the ban, Morocco has one of the highest crypto adoption rates in Africa. The government has been exploring a potential regulatory framework, with Bank Al-Maghrib reportedly studying a CBDC and reconsidering its crypto stance.

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 None
Tax Type None
Tax Rate N/A
Tax Rate 0%
Exchanges No No
Exchanges No No
Mining Yes Yes
Mining No No
Regulator BAM (Bank Al-Maghrib), AMMC
Regulator QCB (Qatar Central Bank), QFCRA
Stablecoin Rules No regulation; crypto transactions banned by central bank
Stablecoin Rules Not permitted under current QCB regulations
Key Points
  • Bank Al-Maghrib banned crypto transactions for financial institutions in 2017
  • Crypto ownership is technically in a legal gray area; trading happens via P2P
  • Morocco ranks among the top crypto adopters in Africa despite the ban
  • Government exploring regulatory framework and potential CBDC
  • No crypto taxation framework exists due to the ban
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