Qatar, which had banned Bitcoin, is moving forward with legalizing crypto assets... Framework to be established by the end of the year

As part of Qatar’s strategy to strengthen its digital economy, the country is creating a cryptocurrency primework to legally recognize digital assets.
According to CryptoNews on the 29th (local time), Henk Jan, head of financial services at the Qatar Financial Centre (QFC),
Hoogendoorn says it will provide a "robust framework for tokenizing a range of real assets, including securities, debt capital market instruments, investments, Islamic finance products (sukuk) and other asset types."
The framework is expected to be finalized and implemented by the fourth quarter of this year. The Qatar Financial Centre recently opened a new channel for collaboration in the financial and digital asset sectors.
The Digital Asset Lab has been established to foster innovation and research, a plan that is in line with Qatar's Fintech Strategy and the Central Bank's support for new technologies.
The lab is a collaborative platform for startups, companies and researchers to develop innovative digital assets and blockchain solutions.
It is a digital platform that aims to make Qatar a global leader in digital innovation by facilitating the widespread use of emerging technologies across various industries.
Previously, Qatar explicitly banned bitcoin trading in 2018. But last year, Qatar's financial regulator introduced a framework to regulate investment tokens backed by tangible assets.
The move comes relatively late compared to neighbouring countries such as the UAE and Bahrain, who proposed a cryptocurrency framework to allow crypto-assets to be traded on a global scale.
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