The Qatar Financial Center Authority, the legal and tax arm of the Qatar Financial Center – one of the leading financial and commercial centers in the Middle East, has signed a memorandum of understanding with Settlement, one of the trusted global platforms in the field of blockchain technology, aiming to enhance cooperation and launch initiatives related to blockchain technologies. Blockchain and digital assets in the financial sector in Qatar.
The MoU aims to explore potential aspects of cooperation with local financial industry actors, including financial institutions, financial technology companies and commercial institutions, in a way that contributes to accelerating the adoption of business models and solutions for blockchain technologies and digital assets.
Commenting on the memorandum, Mr. Yousef Mohamed Al-Jaida, CEO of the Qatar Financial Center, said: “We are pleased to cooperate with Settlement Blockchain Company Limited, which will allow us to learn about the possible practical uses of blockchain technologies and digital assets in the financial sector. in Qatar. This partnership reflects the QFC’s continued commitment to supporting innovation and creating new opportunities that benefit our stakeholders and the broader financial system in Qatar. To this end, we are looking forward to establishing joint future initiatives with Settlement.”
For his part, Mr. Matthew Van Niekerk, Founder and CEO of Setlement, said: “We are excited to help developers create their wallets easily through Web 3 and to enable companies to make the most of the huge potential of blockchain technology, to serve their customers and business ecosystem. Over the past years, Settlement has supported financial sector organizations from the pilot stage to the production stage.
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