Wednesday, 7 February 2018

Bitcoin trading prohibited in Qatar: Central Bank - The Peninsula Qatar

Bitcoin trading prohibited in Qatar: Central Bank - The Peninsula Qatar:

"In a statement sent to all banks operating in the country, Qatar Central Bank said that trading in Bitcoin is not allowed in Qatar and penalties will be levied if the circular is violated. Active trading in Bitcoin have been noticed in some countries, but it is an illegal currency because there is no commitment from any central bank or a government in the world to exchange their value for money issued and cleared for payment for the goods traded globally or for gold, the statement said. “This cryptocurrency is highly volatile and can be used for financial crimes and electronic hacking as well as risk loss of value because there are no guarantors or assets,” it added."



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