It seems that the UAE is determined to move forward towards activating dealing with digital currencies, as it is taking the necessary measures day after day in this regard.
Crypto exchange BitOasis announced that it has cooperated with the UAE and the Dubai Police Force; To raise awareness about scams related to cryptocurrency investments and trading.
Bit Oasis CEO Ola Dudin said the exchange's partnership with Dubai Police aims to help establish regulations that will make cryptocurrencies safe for investors in the region.
Speaking to CoinTelegraph, Dowden said: The BitOasis team is working closely with policymakers and regulators to build trust and transparency in the cryptocurrency ecosystem. The partnership with Dubai Police is also a step in the same direction.
The move to protect investors coincides with the decision of UAE regulators to approve cryptocurrency trading within the Dubai Free Zone (DWTCA) on September 23.
On the same day, Bit Oasis announced that it was linking its services to GoAML, a monitoring platform created and operated by the UAE's Financial Intelligence Unit for reporting suspicious transactions.
This partnership will also see the active participation of the National Committee for Combating Money Laundering, Terrorist Financing and Illegal Organizations, a state-run organization focused on building AML/CFT frameworks.< /p>
According to some in the industry, the UAE will benefit from its global tax haven status and friendly crypto-friendly policy.
Steven Stoneberg, CEO of global crypto exchange Bittrex, said earlier in August that the UAE is doing all the right things and will attract a lot of regional projects.
