Qatar

Anonymity-enhancing assets or unattributed transfers are barred outright, or barred for regulated firms.

What Qatar actually says

Qatar reaches exclusion without ever writing a prohibition on anonymity, because its perimeter is drawn as a positive list. Only permitted tokens may be issued or traded: assets anchored to a verified real-world asset or legal right, passing a defined validation and tokenisation process. Cryptocurrencies and stablecoins are outside that definition entirely, so anonymity-enhancing assets never come up for consideration. What Qatar is building instead is a tokenisation regime with real property rights attached, recognised in its own courts, supported by an incubator. It is worth reading as a statement of what a regulator wants from a ledger: verified claims on identified things, not bearer instruments.

What this means for confidential transactions

Bubble is built for exactly this shape of obligation: amounts and balances live on chain as ciphertexts, computation happens without decryption, and the only disclosure path is an on-chain access list through which an authorized party - an auditor, a supervisor, a counterparty - can request scoped decryption. That is confidentiality from the public, not from the regulator.