According to a news report published on 2nd January 2020 Qatar has imposed a blanket ban on cryptocurrency trading and any services that involve trading and transferring digital assets and using it as a payment mode. While it is true that Bitcoin price has intrigued many and attracted investors from around the world in this next-generation investment option, with some countries even relying on it as a safe haven asset amid uncertain economic conditions, others have either yet to regulate it or, in some extreme cases, decided to restrict it completely. Among the most notable is the Fifth Anti-Money Laundering