Qatar will implement a cryptocurrency framework by the end of 2024

ChainCatcher news, Henk Jan Hoogendoorn, head of the Financial Services Department at the Qatar Financial Centre (QFC), stated that Qatar has established a solid framework for tokenizing various real-world assets, including securities, debt capital market instruments, investments, Islamic bonds, and other asset classes. This framework is expected to be completed and promulgated in the fourth quarter of this year.

In addition, the QFC recently established a digital asset laboratory to encourage innovation and research in the financial and digital asset sectors.