A thorough regulatory framework for digital assets has been established by the Qatar Financial Centre (QFC), providing unambiguous guidelines for cryptocurrency activities in the area. A legal and regulatory framework for the crypto industry is provided by the "QFC Digital Assets Framework 2024."
The new framework, which was unveiled on Sunday, addresses a variety of digital asset-related operations, such as transfer, exchange, custody agreements, tokenisation, and property rights in tokens. In an effort to promote trust and confidence among customers, service providers, and industry stakeholders, it also gives smart contracts legal status.
Officials from QFC highlighted the framework's strict guidelines for asset tokenisation procedures and the creation of a reliable technological foundation. After thorough consultation with an advisory panel consisting of 37 domestic and foreign organisations, the regulations were developed.
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