
KEY POINTS
- Even with stringent rules, the framework is expected to help drive innovation in the emerging space
- 'Excluded' tokens such as stablecoins are prohibited from being traded within the QFC
- The US, on the other hand, has yet to have its own regulatory framework for cryptocurrencies
Qatar has launched an extensive regulatory framework for the cryptocurrency industry, becoming one of only a few jurisdictions that now has its own set of rules to ensure innovation, compliance, and growth in the sector.