UAE Authorities Announce New Stringent Measures Against Crypto Scammers
Under stringent new UAE regulations designed to safeguard the public from financial fraud, cyber criminals who promote cryptocurrency frauds online face up to five years in prison and fines of up to $272 million. Crypto-scammers To Face 5 Years Imprisonment Promoters of online cryptocurrency frauds now risk a possible five-year prison sentence and a maximum fine of almost $270,000 under the UAE’s new internet security regulations, which take effect on January 2, 2022. The crackdown was announced last month as part of President Sheikh Khalifa’s series of broad legal reforms. The....
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