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Qatar Central Bank To Explore CBDC Options

Many central banks around the globe are looking into developing their national digital currency (CBDC), and Qatar definitely wants to be at the forefront of this...
Qatar Central Bank To Explore CBDC Options Qatar Central Bank To Explore CBDC Options

Many central banks around the globe are looking into developing their national digital currency (CBDC), and Qatar definitely wants to be at the forefront of this innovation. The Qatar Economic Forum was held this Tuesday and the Governor Sheikh Bandar bin Mohammed bin Saoud Al Thani disclosed that the process is at the ‘foundation stage’, as technical possibilities are being explored.

Searching for a Credible Blockchain Solution

The governor also admitted that talks on Qatar’s CBDC started back in March, when the global trend hit. ‘Many central banks are now considering issuing CBDC, and we are not an exception to that. But we are still in the 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’.

Most definitely, countries like China and Nigeria already implemented their CBDCs into everyday life. Mass adoption of CBDC in China has seen the most success. People are relying on the digital yuan to pay for public transport and phone bills.

Sheikh Saoud Al Thani also pointed out that ‘crypto is a technology innovation. It might take us to a new era of fast, cheap, and more accessible financial services’. However, the governor says, the country must look for a credible option to lower the risks that come with innovation.

This might mean that Qatar will focus on the integration of CBDC as their main aim, rather than putting emphasis on decentralized crypto currencies. In addition, the neighboring United Arab Emirates have already released their CBDC as a part of an innovation in technology campaign.

Continue reading on DailyCoin

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07-07-2022 23:03:42 (UTC+7)

EUR/USD

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EUR/USD

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5.764

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 EUR/USD1.0160Neutral
 GBP/USD1.1994↑ Sell
 USD/JPY135.98↑ Buy
 AUD/USD0.6829↑ Buy
 USD/CAD1.2983↑ Sell
 EUR/JPY138.16↑ Buy
 EUR/CHF0.9893↑ Buy
 Gold1,739.05↑ Sell
 Silver19.198Sell
 Copper3.5445↑ Buy
 Crude Oil WTI104.12Neutral
 Brent Oil106.12Neutral
 Natural Gas6.232Neutral
 US Coffee C218.63↑ Sell
 Euro Stoxx 503,488.50↑ Sell
 S&P 5003,891.72↑ Buy
 DAX12,843.22Neutral
 FTSE 1007,186.40↑ Sell
 Hang Seng21,643.58↑ Buy
 Small Cap 20001,765.25↑ Buy
 IBEX 358,122.50↑ Buy
 BASF41.300↑ Buy
 Bayer56.59Sell
 Allianz178.46Buy
 Adidas169.28↑ Buy
 Lufthansa5.764↑ Buy
 Siemens AG97.71↑ Buy
 Deutsche Bank AG7.983↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,765/ 6,825
(-5/ -5) # 1,893
SJC HCM6,785/ 6,845
(0/ 0) # 1,914
SJC Hanoi6,785/ 6,847
(0/ 0) # 1,916
SJC Danang6,785/ 6,847
(0/ 0) # 1,916
SJC Nhatrang6,785/ 6,847
(0/ 0) # 1,916
SJC Cantho6,785/ 6,847
(0/ 0) # 1,916
Cập nhật 07-07-2022 23:03:45
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EUR23.177,9524.476,02
GBP27.204,7528.365,03
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KRW15,5318,93
Cập nhật lúc 18:49:11 07/07/2022
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