The central bank will test and develop selected central bank digital currency (CBDC) applications for use in large-value payment settlements with domestic and foreign banks.
Qatar Central Bank (QCB) has announced the completion of infrastructure construction for its central bank digital currency (CBDC) project, marking a major milestone in its efforts to embrace digital financial transformation.
In a press release on June 2, the Qatar Central Bank (QCB) said that the first phase of its central bank digital currency (CBDC) project has been launched and is expected to last until October.