On July 10, blockchain financial technology company DMZ Finance officially announced that it was selected for the Qatar QFC Digital Assets Lab.
Qatar Financial Center (QFC) is a special economic zone established by the Qatari government to promote the development of the country's financial industry. The QFC Digital Assets Lab is its latest innovation platform, which is guided and supported by the Qatar Central Bank QCB and aims to promote the development and application of digital asset technology in Qatar and the entire Middle East. Entering the lab is a key step to further obtain a TSP license in Qatar - a key step to obtain compliance in the issuance, custody and operation of digital assets exchanges.
DMZ CEO Lee Kai Yang said when talking about the selection: Entering the QFC Digital Asset Lab is a very challenging achievement. "DMZ's selection into the QFC Digital Asset Lab is a recognition of the DMZ team and technical strength. We look forward to working with QNB (Qatar National Bank) and other partners to jointly promote the advancement and application of blockchain technology and create a more secure, efficient and transparent global financial system."
Previously, DMZ Chairman Nathan Ma and CEO Lee Kai Yang visited the Qatar Financial Center (QFC) and the Qatar Financial Regulatory Authority (QFCRA) with executives from QNB Qatar National Bank.