The police authorities of Dubai took the decision to educate the police department to save their citizens over crypto Investment associated risks. Dubai police aim that they will be able to lower the risks associated with the crypto related fraud & ponzi schemes activities.
In the present time, Dubai authorities are moving towards crypto adoption through better laws and regulations in collaboration with the regulatory authorities of UAE. Recently they announced that crypto trading will be available with the crypto license & approval for the crypto exchanges under regulation in the Dubai economy free zone.
Related: UAE regulators to approve crypto trading in Dubai free zone
As we know that adoption of crypto also has some small problems like lack of knowledge, that may lead into a big financial loss for the crypto Investors. To avoid such risks associated with crypto Investment, Dubai police took the decision to educate police & crypto investors in Dubai. For this, Dubai police teamed up with BitOasis.
BitOasis is a crypto platform of UAE and it provides crypto trading.
Ola Doudin, CEO of BitOasis, stated on this collaboration initiative with the Dubai police and claimed that they will lower the scams that are going on in the crypto community because of few bad actors.
“We have been working with key policymakers to help them build regulation that will make crypto safe for investors”
Tarek Mohammed, the head of Dubai police, said that they will educate the education department with the help of BitOasis firm. And this will help them to fight against illicit crypto activities.
“(The UAE) is taking a hands-on approach to ensuring the financial security of the country, investors, and all stakeholders operating within the crypto space”
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