Digital Currencies & Blockchain to Be Discussed at IMF Dubai Fintech Summit

The Dubai Ministry of Finance (MoF) will co-organize a Fintech seminar with the International Monetary Fund (IMF) during the upcoming World Government Summit. Chief among the topics to be discussed are virtual currencies and the applications of blockchain technology and the wider Fintech services space.

The Fintech seminar will see notable keynote speakers such as IMF managing director Christine Lagarde, who will also commence the seminar with a speech; Pierre Gramegna, the bitcoin-friendly Minister of Finance in Luxembourg and; Obaid Humaid Al Tayer, Minister of State for Financial Affairs in the Emirate.

In quotes reported by regional financial publication CPI, Al Tayer revealed:

The seminar will cover a number of important topics including virtual currencies, and the underlying distributed ledgers through blockchain technology. These topics have been at the center of recent debates about how digital innovation changes financial fields.

Further, the seminar will see discussion of the opportunities and challenges posed by Fintech services, according to the official. The need to avoid of “over-regulation” that could stifle innovation will also be discussed, as well

Read more ... source: CryptoCoinsNews

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