Qatar Brings in Crypto Rules Framework in a Sign of Web 3 Development in the Middle East
Briefly

from Coindesk5 months ago
Qatar has transitioned from a crypto ban in 2018 to introducing comprehensive regulations that include licensing, smart contracts, and property rights for digital assets.
Coindeskhttps://www.coindesk.com/policy/2024/09/03/qatar-brings-in-crypto-rules-framework-in-a-sign-of-web-3-development-in-the-middle-east/
The new Digital Asset Regulations 2024 by Qatar Financial Centre aim to establish a legal foundation for digital assets, including tokenization, custody, and exchange processes.
Coindeskhttps://www.coindesk.com/policy/2024/09/03/qatar-brings-in-crypto-rules-framework-in-a-sign-of-web-3-development-in-the-middle-east/
Yousuf Mohamed Al-Jaida, CEO of QFC, stated that the regulatory clarity will attract both domestic and international players, enhancing Qatar's financial services sector.
Coindeskhttps://www.coindesk.com/policy/2024/09/03/qatar-brings-in-crypto-rules-framework-in-a-sign-of-web-3-development-in-the-middle-east/
According to Navandeep Matta, Qatar's regulatory approach is advanced compared to other Middle Eastern countries, positioning it alongside the UAE's framework.
Coindeskhttps://www.coindesk.com/policy/2024/09/03/qatar-brings-in-crypto-rules-framework-in-a-sign-of-web-3-development-in-the-middle-east/
Read at Coindesk
#crypto-regulations #digital-assets #qatar #financial-services #smart-contracts
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