Doha, Qatar, Monday, 2 September 2024
The Qatar Financial Centre Authority (QFCA) and Qatar Financial Centre Regulatory Authority (QFCRA) have announced the launch of the QFC Digital Assets Framework, a comprehensive and innovative regime for the creation and regulation of digital assets in the QFC. The development of the framework achieves an important goal under the Third Financial Sector Strategic Plan.
The QFC Digital Assets Framework 2024 establishes the legal and regulatory foundation for digital assets, including the process of tokenisation, legal recognition of property rights in tokens and their underlying assets, custody arrangements, transfer, and exchange. The framework also provides for the legal recognition of smart contracts. The framework will ensure a secure and transparent digital asset ecosystem in the QFC, in line with the highest international standards and best practices. The framework sets high standards for the process of asset tokenisation and puts in place a trusted technology infrastructure that will ensure trust and confidence among consumers, service providers and industry stakeholders.
The QFC Digital Assets Framework is the result of a process of extensive consultation and collaboration with industry stakeholders.
The framework commenced 1 September 2024.
Click to access the following QFCRA legislations:
Investment Token Rules 2024 (TOKN)
Investment Tokens Miscellaneous Amendments Rules 2024
Anti-Money Laundering and Combating the Financing of Terrorism Rules 2019 (AML/CFTR)
Collective Investment Schemes Rules 2010 (COLL)
Customer and Investor Protection Rules 2019 (CIPR)
General Rules 2005 (GENE)
Investment Management and Advisory Rules 2014 (INMA)
Professional Investors Fund Rules 2022 (PROF)
Click to access the following QFCA legislations and guidance:
Digital Asset Regulations
Contract Regulations
Special Company Regulations
Companies Regulations
Companies Rules
Non-Regulated Activities Rules
QFCA Rules
QFC Guidance on digital assets regulation
User Guide
Token Service Provider (TSP) Guidelines
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