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Qatar will implement an encryption framework by the end of 2024.
Golden Finance reported that Henk Jan Hoogendoorn, head of the Financial Service Department of the Qatar Financial Centre (QFC), stated that Qatar has established a solid framework for tokenizing various real-world assets, including securities, debt instruments in the Capital Market, investments, Islamic bonds, and other asset classes. The framework is expected to be completed and promulgated in the fourth quarter of this year. In addition, QFC has recently established a digital asset laboratory to encourage innovation and research in the financial and digital asset fields.