Qatar is working on a central bank digital currency
Sheikh Bandar, the governor of the central bank of Qatar, has outlined the country’s progress with its central bank digital currency (CBDC). Qatar’s plans for a CBDC align with other central banks globally that have announced plans to launch digital currencies pegged to their fiat currencies . Qatar’s central bank’s plan for a CBDC Numerous central banks are taking the journey towards CBDCs globally, and Qatar is among the countries joining the space. Bandar recently appeared in an interview saying that a Qatar CBDC was on the way. However, the country would thoroughly assess the benefits and costs of such a digital asset before it is launched. “Many central banks are now considering to issue CBDC, and we are not an exception to that. But we are still in foundation stage. We are evaluating the pros and cons of issuing CBDC and to find the proper and the right technology and platform to issue our CBDC,” the governor added. Buy Bitcoin No...