Qatar central bank chief: will consider issue of virtual currencies

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, Reuters reports.

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.