Qatar central bank chief: will consider issue of virtual currencies

Reuters News
Posted: Jan 16, 2018 5:31 AM

DOHA (Reuters) - Qatar's central bank will consider the issue of virtual currencies and there may be opportunity in future to introduce them in Qatar, central bank governor Sheikh Abdullah bin Saud al-Thani said on Tuesday.

Sheikh Abdullah made the remark as he delivered a speech on Qatar's plans to build a hub for financial technology, known as fintech.

Asked about his stance towards bitcoin, Sheikh Abdullah said the central bank would not focus on a single virtual currency, but would look at how to set best practice for such currencies.

(Reporting by Hadeel Al Sayegh; Writing by Andrew Torchia)