Crypto News

UAE Announces 5 Years Jail Time and Dh1 Million ($272,000) Fine for Cryptocurrency Scammers

1 Mins read

UAE have announced that fraudsters who take shield in promoting cryptocurrency scams in the United Arab Emirate (UAE) now faces a possible five year jail sentence plus a fine of up to Dh1 Million ($272,000), according to a report.

This new measure are set to be effective from January 2, 2022, it’s a part of the government’s efforts to protect people from possible online cryptocurrency scams.

According to the report from The National News, the new measures are part of sweeping legal reforms introduced by the country’s president, Sheikh Khalifa, in November.

The UAE says the laws are intended to protect internet users from electronic fraud and to preserve personal privacy and rights.

invest slider 4

Join our weekly Crypto success Online Training!

We don’t spam! Read our privacy policy for more info.

504 posts

About author
Johnmiracle Ejikeme is a 7 Figure digital network marketer, crypto enthusiast, and a trader. A humble fellow that fancy investing and technology.
Related posts
Crypto News

Buy BTC with The Advantages of the Platform

2 Mins read
Bitcoin is a popular cryptocurrency that brings much profit to its buyers at this time. It is one of the best options…
Crypto NewsCoinsCrypto Talks

Luna Coin Crash - Will Luna Coin Recover?

2 Mins read
Welcome to Bulliscoming Crypto & Finance Media, recently luna coin crash massively from its All Time High and a lot of people…
Crypto News

What influence has Bitcoin had on Malawi's healthcare sector?

3 Mins read
Bitcoin has had a significant effect on the global economy, and it has done so without the need for complicated regulations or…
Learn  & Earn Crypto With Bulliscoming

[mc4wp_form id="17"]

Add some text to explain benefits of
subscripton on your services.

Leave a Reply

Your email address will not be published.

Get High Pay Crypto Jobs