Dubai Dubai Judicial Institute (DJI) concluded its workshop on ‘Virtual Currencies in Terror Financing and Money Laundering’, which was co-organised with the US Department of Justice.
Judge Dr Jamal Al Sumaiti, DJI’s Director General said the Institute constantly tackled legal problems at a global level.
“This workshop demonstrated our commitment to keeping abreast of the latest developments in the virtual world and creating awareness of the problems that may arise from digital activities. In alignment with the vision of our wise leadership, the workshop supported our strategic objectives to contribute to sustainable and resilient economic growth, and to adopt a diversified base of economic activities that drive productivity, innovation and transparency,” he said.
A media statement said on Tuesday, the UAE and Dubai are important centres for world trade, tourism, transport and finance and preferred investment destinations that rank first in the world for ease of doing business.
In that context, the workshop addressed the rapid development of virtual currencies worldwide, the emergence of the third generation, and the growing influence of Blockchain technology, said the statement.
Al Anood Al Hammadi, DJI’s Director of the Training and Development Department said the workshop discussed several important topics related to virtual currencies, how they work and how they are affecting the current financial market.
