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Daily News Summary 2/9

September 2, 2024 Tóth Balázs
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Cardano Completes First Phase of Chang Hard Fork

Cardano, the layer 1 blockchain founded by Charles Hoskinson, has officially completed the first phase of the Chang hard fork, making it the first major blockchain to transition to a token-based decentralized governance system. Over the next 90 days, Cardano will undergo a complete transformation, after which ownership of the blockchain will be fully transferred to ADA token holders. This upgrade marks Cardano’s entry into the final development phase, known as the Voltaire era.

Qatar's New Crypto Framework

The Qatar Financial Centre (QFC) has established a comprehensive framework for the creation and regulation of digital assets. The regulations include the legal recognition of smart contracts, tokenization processes, and the legal acknowledgment of ownership rights over tokens and underlying assets. The framework also covers custodial agreements, transfers, and exchanges, ensuring that the digital asset ecosystem within the QFC is secure, transparent, and compliant with international standards.
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