The Fujairah Chamber educates entrepreneurs about the advantages and risks of trading digital currencies
Fujairah, December 16 / WAM / The Fujairah Chamber of Commerce and Industry organized at its headquarters the training program “The Future of Digital Currency Trading”, with the participation of more than 25 entrepreneurs and interested parties.
His Excellency Sultan Al-Hindassi, Director General of the Chamber, confirmed, while attending the program, that digital and virtual currencies are today among the most prominent financial innovations that contribute to shaping the features of the new global economy, indicating that they are an integrated system based on blockchain technologies, which enhances transparency and efficiency in financial transactions. He noted that virtual currencies are witnessing a qualitative transformation today, paving the way for the UAE to consolidate its position as a leading country that relies on artificial intelligence to build a secure digital future.
He added that with the expansion of the use of digital currencies globally, these tools have become a symbol of digital transformation in the economy, and an impetus for innovating financial and technical solutions that contribute to enhancing financial inclusion and supporting emerging economies.
Lecturer Ibrahim Al-Yamahi spoke about the main topics included in the program, which are the financial cognitive aspect of virtual currencies, their concept and importance, then the legal aspect in terms of advantages and risks, and finally he touched on the technical aspect of their system of operation and trading on modern platforms.
The workshop provided participants with an opportunity to dialogue about trends in digital, virtual and encrypted currencies, what are the most important advantages of the system and the risks surrounding it, and the impact of this on institutions’ business models, payment services and investment in these currencies.
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