Friday, 13 October 2023

How #Dubai's digital economy court aims to combat cryptocurrency fraud and keep AI in check

How Dubai's digital economy court aims to combat cryptocurrency fraud and keep AI in check

The head judge of Dubai's dedicated digital economy court has told of how the emirate aims to keep pace with an evolving legal landscape to help safeguard the public against emerging threats such as cryptocurrency fraud.

Justice Michael Black works at the DIFC Courts’ Digital Economy Court, launched in December last year to act as a crucial arbiter in disputes arising from advanced technology, from artificial intelligence and big data to blockchain, 3D printing and robotics.

"It’s a new area and we are in no doubt that the wave is coming,” Justice Black told The National.

“We have to look at what was said to be science fiction about seven years ago and is now science fact.”

The senior judge said the court's current workload primarily involves the use and misuse of digital currency.

He said one high-profile cryptocurrency case at the court was the subject of "huge international interest".

The cutting-edge body, managed by Dubai International Financial Centre (DIFC) Courts, has been heralded by authorities as a world first.

It provides civil and commercial litigation for cases within the rapidly expanding digital economy field.

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