Dubai Police will tell investors, how to avoid fraud in the cryptocurrency market – Bits Media

Dubai Police announces collaboration with local cryptocurrency firm BitOasis. During the training process, investors will be explained, how to identify fraudulent schemes in cryptocurrency trading.

As noted by BitOasis CEO Ola Dudin (Ola Doudin), in cryptocurrency The industry is experiencing a significant number of fraudulent projects. The company hopes, that a partnership with Dubai Police could help investors avoid them.

The police also continue to train their officers in cryptocurrencies and blockchain, so that they better understand the new technology of the digital economy. The police hope to “develop effective investigative techniques, to combat the risks of cryptocurrency trading".

“We work with the country's leading regulators, to ensure the safety of investing in cryptocurrencies", - noted Dudin.

Head of the Virtual Asset Crime Unit at Dubai Police Tarek Mohammed (Tarek Mohammed) stressed, that the UAE is constantly adopting new practices to ensure the financial security of the country and investors.

At the end of August, the CEO of the cryptocurrency exchange Bittrex Global, Steven Stonberg (Stephen Stonberg) stated, that the UAE and Dubai have become favorable jurisdictions for cryptocurrency business. Local regulators are loyal to the cryptocurrency market and develop technologies, associated with blockchain.