Dubai Future Foundation researches usage of digital assets

In a recent article in CoinDesk about cash versus digital currency discussions held at DAVOS World Economic Forum, various officials from the MENA region participated with some interesting comments made by some.  For example Mothana Gharaibeh, Jordan’s Minister of Digital Economy and Entrepreneurship agreed that physical money is out and that Jordan will be implementing electronic payments across the country to move away from cash. She was agreeing with B.S. Kohli, an economic advisor to the head of the Indian state of Punjab who stated cash is dead. The Jordanian Ministry of Digital Economy and Entrepreneurship announced recently the launch of the Jordan Fintech Bay in an effort to enhance innovation in the Fintech scene in the country.

In addition Mariam Al Muhairi from Dubai Future Foundation stated her team will spend 2020 exploring how to support companies that want to use digital assets.  As quoted, “It’s to help regulate that area,” she said, emphasizing the team is still in the research phase. “There are entities that do own and use cryptocurrency.”

The Dubai Future Foundation had announced in a tweet that H.E. Khalfan Belhoul the CEO of Dubai Future Foundation had led a panel discussion entitle Leadership in the Future Readiness and Governance highlighting the country's efforts in adopting 4th Industrial revolution and let the blockchain dialogue as well.

The Dubai Future Foundation and WEF had released during Davos the UAE Blockchain Whitepaper.