Qatar vs Saint Vincent and the Grenadines
Crypto regulation comparison
Qatar
Saint Vincent and the Grenadines
Restricted
Legal
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.
Saint Vincent and the Grenadines has been a popular jurisdiction for offshore crypto businesses. No income or capital gains tax.
Tax Type
None
Tax Type
No tax
Tax Rate
0%
Tax Rate
0%
Exchanges
No
Exchanges
Yes
Mining
No
Mining
Yes
Regulator
QCB (Qatar Central Bank), QFCRA
Regulator
Eastern Caribbean Central Bank (ECCB), Financial Services Authority
Stablecoin Rules
Not permitted under current QCB regulations
Stablecoin Rules
No specific stablecoin regulation
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
Key Points
- Popular jurisdiction for crypto business registration
- No income or capital gains tax
- Financial Services Authority provides oversight
- ECCB provides regional monetary oversight
- Several crypto exchanges have been registered here