Qatar central bank chief: will consider issue of virtual currencies

Bitcoin slides 18 percent on crackdown fears; crypto rivals also plunge
January 16, 2018
Qatar central bank to consider topic of virtual currencies: governor
January 16, 2018
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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