Qatar Tribune, 10 October 2023: Qatar’s Central Bank has announced it has issued loan-based crowdfunding regulations.
They cover the licensing and regulation of these activities and services in the country.
Among other requirements, entities wanting to provide loan-based crowdfunding activities must apply for the relevant licence from the Central Bank.
The regulations have been issued in line with the national financial sector and Fintech strategies and the Central Bank’s efforts to regulate and develop the country’s financial sector.
Also reported in Lusail on 9 October 2023. For the full story, click here.
For more news and content, try Lexis Middle East. Click on lexis.ae/demo to begin your free trial of Lexis® Middle East platform.
You can also explore the legal landscape by subscribing to our Weekly Newsletter.
Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.