The QFC’s regulators the Qatar Financial Centre Authority (QFCA) and Qatar Financial Centre Regulatory Authority (QFCRA) announced a framework that establishes a foundation for digital assets in the QFC.
The rules include tokenization processes and the legal recognition of property rights in tokens and underlying assets, custody arrangements, transfer and exchange. In addition, the framework has provisions for the legal recognition of smart contracts. The digital assets framework is also the result of collaboration and consultation with industry stakeholders.
