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UAE: Dubai Crypto Platform Teams Up with Police to Combat Fraud

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Staff Writer, TLR

Published on July 14, 2023, 17:40:59


UAE: Dubai Crypto Platform Teams Up with Police to Combat Fraud

A crypto platform has now teamed up with the Dubai Police to inform and educate people about frauds in the crypto field. It comes as the UAE takes a leading position in promoting blockchain technology, announcing plenty of efforts to make it easier for cryptocurrency traders to transact. The police agency is “extensively” training its officers in crypto and blockchain technology. The goal of the collaboration is to develop "effective investigation approaches to address the hazards associated with cryptocurrency trading. "The Crypto Platform is called BitOasis and they said that they have been working with key policymaking bodies in an effort to combat crypto fraud. The UAE government is reportedly taking active efforts to protect the interests of investors investing in asset classes of this sort online.