Dubai Police has taken its battle against crypto-related frauds to another level by partnering with BitOasis, a cryptocurrency trading platform, according to local news reports. The partnership is primarily aimed at teaching the traders and investors, more about the sector.
As per the reports, Ola Doudin, the CEO of BitOasis says his firm has been working with major policymakers to come up with a regulation that will give crypto investors a feeling of safety. Also, Dubai Police are training to properly identify crypto-related frauds in new methodologies of investigation that will effectively tackle the risks involved with crypto trading.
Lending credence to Doudin’s statement, head of virtual asset crime section of the Dubai Police also confirms that the UAE is now handling financial security with more seriousness.
The UAE has really welcomed crypto with quite the open arms and so far, have been doing their best in terms of regulations. Just last month, Dubai’s economic free zone signed an agreement with UAE’s Securities and Commodities Authority (SCA) to trade crypto assets. The agreement supports offering, listing, trading, and the regulation of crypto assets and all other related financial activities within the free zone.
Another recent survey also revealed that, going by the current trends, wealth managers and institutional investors in the UAE will look to increase their crypto exposure between now and 2023. In support of the obvious growth in the sector, CEO of Bittrex Global, Stephen Stonberg also mentioned in an interview, that Dubai is in a good place at the time, to benefit from the trend.
According to Stonberg, Dubai is presently a great place to set up a token project, or establish a crypto exchange. Further adding that the region’s status as a “tax haven” and its legal terms, is responsible for making the UAE one of the most progressive crypto countries in the world.
Crypto projects rise and fall, but only a few redefine the..
What makes XRP and Solana (SOL) important this season? XRP is..
Ever wondered which meme coin could skyrocket next? With new projects..
Floppypepe ($FPPE) is your ticket to the moon. Escape the ordinary and reach for lunar gains with this AI meme token. Secure your spot now before it's too late.
Join Now