The Chamber a wares entrepreneurs about the advantages and risks of circulation digital currencies.

The Fujairah Chamber of Commerce and Industry organized a training program "The Future of circulating Digital Currencies" at its headquarters, with the participation of more than 25 entrepreneurs and interested parties.

His Excellency Sultan Jemei Al-Hindasi, Director General of the Chamber, stressed during his attendance at 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, noting that they are an integrated system based on technologies.

This enhances transparency and efficiency in financial transactions. He noted that virtual currencies are currently witnessing a qualitative transformation phase, 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 the digital transformation in the economy, and a driver for innovating financial and technical solutions that contribute to enhancing financial inclusion and supporting emerging economies.

The lecturer of the training program, Mr. Ibrahim Al Yamahi, spoke about the main topics included in the program, which are the financial knowledge 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 operating system and trading on modern platforms.

The workshop provided participants with an opportunity to discuss trends in digital, virtual and encrypted currencies, the most important advantages of the system, the risks surrounding it, and its impact on business models of institutions, payment services and investment in these currencies.