Cryptocurrency

Qatar Central Bank in ‘foundation stage‘ of launching digital currency


Qatar Central Bank in ‘foundation stage‘ of launching digital currency

The 2.8-million nation of Qatar is going to join a growing range of countries experimenting with the central bank digital currency (CBDC) concept. The Qatar Central Bank (QCB) is currently “in the foundation stage” of issuing its digital currency.

On Tuesday during the “Inflation Test” session at the Qatar Economic Forum, QCB Governor Sheikh Bandar bin Mohammed bin Saoud Al Thani revealed that the bank is working to find technological solutions for its CBDC. Right now the project is in its early stage, Al Thani specified:

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