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Qatar exploring digital banks and central bank digital currencies

The central bank is expected to set a direction for its future focus soon, particularly on various fintech verticals.
The Qatar Central Bank (QCB) is reportedly investigating the possibility of launching a digital currency and issuing digital bank licenses. According to the head of the fintech section at QCB, Alanood Abdullah Al Muftah, the central bank is expected to set a direction for its future focus soon on a range of fintech verticals. Al Muftah noted that QCB will also determine whether Qatar can establish a central bank digital currency (CBDC). She explained:”Each central bank should study digital banks, considering their growing significance in the global market. We also see the direction of the market moving towards having a digital currency. However, it’s still being studied whether we’re having a digital currency or not.”While commenting on Qatar’s regulatory sandbox, Al Muftah said that three firms in the pay

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