- The Qatar Financial Centre introduces 2024 Digital Asset Regulations, ensuring secure and transparent trading for token exchanges in the region.
- New QFC regulations mandate automatic, non-discretionary trading and strong cybersecurity protocols, allowing only tangible asset-backed tokens for trading.
The Qatar Financial Centre (QFC) Authority has introduced the 2024 Digital Asset Regulations, establishing a new framework for token exchanges in the region. These regulations emphasize security, transparency, and fairness, creating a trusted environment for digital asset trading.
Key requirements include non-discretionary trading, meaning buying and selling must occur automatically without any room for manipulation, and only tokens representing tangible assets are permitted. Additionally, stringent cybersecurity protocols are mandatory to protect both data and assets.
Businesses providing custody or validation services must keep these operations separate to prevent conflicts of interest. The QFC license aims to develop a secure, regulated digital asset market.
