Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Qatar
Qatar Launches Framework to Regulate Digital Assets and Boost Financial Sector
Qatar has officially launched a comprehensive regulatory framework for digital assets within its Qatar Financial Centre (QFC), aiming to foster innovation, ensure market integrity, and attract both domestic and international players. Fostering Digital Assets Innovation In QFC The new QFC Digital Assets Framework 2024 marks a significant step in the nation’s digital transformation effort. It is designed to foster innovation and growth in the digital asset sector, offering a clear and robust regulatory environment for businesses operating within the QFC.…
9 months ago
Cryptos and Derivatives Banned in Qatar
Qatar Financial Centre, QFC, says Qatar residents can no longer utilize any virtual asset, including cryptos, this year. The new law bans whatever is of value, acting as a substitute for currency, capable of getting traded or transferred digitally, and usable for payment or investment purposes. There will be no promotion of any invention within the features above, even if they are not blockchain-based. For instance, gift cards and coupons have the characteristics described by the new law. In this…
5 years ago