Odaily News The Qatar Financial Center (QFC) recently released a comprehensive framework for the regulation and creation of digital assets. The framework includes tokenization processes and legal recognition of property rights, custody arrangements, transfers and exchanges of tokens and underlying assets. In addition, the framework also provides for the legal recognition of smart contracts. Like the free economic zones in the United Arab Emirates that operate independently of the mainland, the QFC has a legal, regulatory, tax and business framework independent of the rest of Qatar, which allows foreign ownership of up to 100% of the equity and allows 100% of profits to be repatriated. (Cointelegraph)