According to Foresight News, the Qatar Financial Center (QFC) recently released a comprehensive digital asset supervision and creation framework. The framework covers aspects such as tokenization process, legal recognition of property rights of tokens and related assets, custody arrangements, transfers and transactions, and provides legal recognition for smart contracts. Sheikh Bandar bin Mohammed bin Saoud Al Thani, Governor of the Qatar Central Bank, said that the new regulations will bring significant opportunities to Qatar's financial industry. After the launch of the QFC digital asset framework, companies can now apply for a license to perform token service provider activities.