#قطر #qatar
Doha, June 2 (QNA) - Today, the Qatar Central Bank announced the launch of the digital currency project, after completing the development of the project’s infrastructure, which will serve as a proactive step that keeps pace with the rapid global developments in this field.
The Qatar Central Bank confirmed that, after the successful completion of the comprehensive study conducted in this field, it will now experiment and develop selected applications for the Central Bank’s digital currency, to settle high-value payments with a group of local and international banks in an experimental environment designed according to the latest advanced technologies.
The project will focus on applications of the digital currency of the Qatar Central Bank, to increase access to the capital markets of banks operating in the country, enhance local settlement, in addition to improving the efficiency of securities transactions, which will enter its first pilot phase extending to October 2024, to achieve a set of basic objectives, At the forefront of which is benefiting from artificial intelligence technologies, decentralized ledger technology and emerging technologies, and creating strong foundations to enhance liquidity by expanding participation in financial market facilities,
This announcement comes, according to a statement issued by the bank, in line with the third strategy for the financial sector, the financial technology strategy, and the Qatar National Vision 2030.
