Qatar Financial Centre (QFC) has announced a progressive new digital assets regime, positioning Doha as a leader in cryptocurrency regulation. Developed by the QFC Authority and Regulatory Authority, this framework features robust tokenization processes, legal recognition of digital property rights, smart contracts, and stringent custody protocols. Mirroring free economic zones like those in the UAE, QFC operates with unique legal and fiscal structures, encouraging 100% foreign ownership and profit repatriation.

This initiative aligns with Qatar’s Third Financial Sector Strategy launched last November, aimed at fostering economic growth through emerging technologies. According to Qatar Central Bank Governor, His Excellency Sheikh Bandar bin Mohammed bin Saoud Al Thani, these regulations mark a significant advancement in the country’s financial landscape. The framework, crafted with inputs from over 37 organizations globally, ensures a secure, transparent digital asset market, bolstering consumer and investor confidence.

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