Dubai Police cooperates with cryptocurrency platform to fight crypto fraud

2021-10-03 02:44:15

(MENAFN) Dubai Police collaborated with a cryptocurrency trading platform to instruct investors and traders about crypto fraud.

According to chief executive officer of BitOasis, Ola Doudin, “We have been working with key policymakers to help them build regulation that will make crypto safe for investors.”

There is a “string of scams happening on peer-to-peer platforms,” and the joint venture with the police she said could aid investors and traders avoid dealing with them.

The decision showed as the UAE plays an important role in encouraging blockchain technology, with the declaration of a number of initiatives that make it easier to for crypto players to perform.

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