Qatar Introduces Regulatory Framework For Digital Assets !!
Regulators of the Qatar Financial Centre (QFC), a special economic zone in Doha, Qatar, have reportedly released a comprehensive regime for regulating and creating digital assets.
Specifically, the framework introduced by the Qatar Financial Centre Authority (QFCA) and Qatar Financial Centre Regulatory Authority (QFCRA) includes rules governing tokenisation processes and the legal recognition of property rights in tokens and underlying assets, custody arrangements, transfer and exchange.
It even includes provisions for the legal recognition of smart contracts. The announcement claims the framework ensures the digital asset ecosystem within the QFC is secure and transparent and adheres to international standards.
