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Up To 5 Years Imprisonment With Fines To Punish Crypto Scammers – United Arab Emirates (UAE)

With effect from January 2nd 2022, the new rules passed in UAE against Cybercriminals who run cryptocurrency scams will take effect. The rules stipulate that Crypto Cybercriminals could face detention of up to five years and a fine of between Dh250,000 and Dh1 million. These reforms were introduced in November 2021 as one of the legal […]